$ACT
/USDT Technical Analysis and Trade Strategy including Three Target keys 🎯
Technical Analysis:
1. Current Price: $0.5387
Price is trending near the Bollinger middle band ($0.5321), indicating a neutral to slightly bullish trend.
The price has tested resistance near the Bollinger upper band ($0.5459), suggesting the potential for a breakout.
2. Parabolic SAR (0.02, 0.2):
Support at $0.5159 and resistance at $0.5449.
With the price trading above $0.5321, a continuation toward the resistance is plausible.
3. Momentum:
24h Volume Surge: High trading volume ($119.90M USDT), indicating strong activity.
The short-term correction (-0.4464% in 1 hour) may provide a buy-on-dip opportunity.
Trade Strategy:
Trend: Neutral-Bullish
1. Entry Points:
Enter near $0.5321 (Bollinger middle band) for a low-risk trade.
Consider entering around $0.5182 (Bollinger lower band) for a better risk-reward ratio if the price dips.
2. Targets 🎯:
🎯 Target 1: $0.5459 (Bollinger upper band/resistance zone)
🎯 Target 2: $0.5550 (psychological level and potential breakout point)
🎯 Target 3: $0.5700 (extended bullish rally zone based on momentum)
3. Stop Loss:
Place a stop-loss at $0.5150 (below Bollinger lower band) to limit downside risk.
Notes:
Monitor trading volume and the Bollinger Band squeeze—if volume increases near the upper band, a breakout is more likely.
Keep an eye on SAR levels; if the price breaks below $0.5159, it may indicate a shift to bearish momentum.