Trading Signal Alert: $BAL /USDT
Overview: BAL/USDT is currently trading at $3.78, showing an impressive upward momentum with a 24.26% increase in the last 24 hours. The coin has reached a 24-hour high of $3.798, demonstrating strong bullish momentum after rebounding from its 24-hour low of $2.930. The Relative Strength Index (RSI) at 83.798 indicates overbought conditions, signaling potential short-term caution.
Trade Setup:
Entry Zone: $3.60–$3.80
Take-Profit Targets:
1. $4.00 (minor resistance)
2. $4.20
3. $4.50 (key psychological level)
Stop-Loss: $3.40 (below recent support at $3.586)
Key Levels:
Resistance: $3.798 (recent high), $4.00
Support: $3.586, $3.34
Caution: Given the RSI indicates overbought conditions, traders should be vigilant for potential pullbacks or consolidation before further upside. Consider partial profit booking as the price nears key resistance levels.
