$MINA $MINA
MINA
0.8251
+6.83%
/USDT Technical Analysis and Trade Signal 🚀 🎯
Technical Analysis:
Current Price: 0.8279 USDT (+7.21%)
Bollinger Bands (20, 2):
Upper Band: 0.8322
Middle Band (MB): 0.8149
Lower Band (DN): 0.7975
Parabolic SAR: 0.8090
24h High: 0.8362
24h Low: 0.7481
Market Conditions:
The price is currently at 0.8279, slightly below the upper Bollinger Band (0.8322), indicating a potential resistance point around this level.
Momentum is bullish, as the price is above the middle Bollinger Band (0.8149), and the SAR is at 0.8090, suggesting an uptrend.
Volume is healthy, with 27.67M MINA traded in the last 24 hours, supporting the current price move.
Trade Signal:
Buy Entry: 0.8170 (near the middle Bollinger Band and above the Parabolic SAR)
Stop Loss: 0.8040 (below the SAR and lower Bollinger Band)
Target Levels 🎯:
1. Target 1: 0.8362 (24h High) — This level is the immediate resistance.
2. Target 2: 0.8400 — A psychological level near the upper Bollinger Band (0.8322) with a bit of room above for breakout.
3. Target 3: 0.8500 — A rounded level, aligning with the potential for further bullish continuation if momentum sustains.
Trade Momentum:
Bullish: The momentum is currently positive as the price is above key levels (Bollinger Middle Band and SAR), with volume supporting the move.
If the price breaks above 0.8322, it could accelerate toward the 0.8400 and 0.8500 targets.
Bearish Reversal: If the price drops below 0.8040, it could indicate a pullback, invalidating the bullish setup.
