$SNT /USDT Technical Analysis – Binance
Current Price: $0.04312 (+5.15%)
Timeframe: 30-minute chart
Market Sentiment: Price consolidating after a rejection near $0.04772 resistance.
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Key Targets and Price Levels:
1. Target 1: $0.04450 (Immediate Resistance)
The price is likely to test $0.04450, a minor resistance level. A breakout above this level would signal a potential short-term bullish continuation.
2. Target 2: $0.04700 (Medium-term Resistance)
Clearing $0.04450 will open the path to $0.04700, the previous high, acting as a significant medium-term resistance zone.
3. Target 3: $0.05000 (Major Psychological Resistance)
Sustained upward momentum could push SNT towards $0.05000, which serves as a key psychological and technical barrier.
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Strategy and Recommendations:
Short-term Traders: Monitor price action around $0.04450. Secure partial profits near $0.04700 and set tight stop-loss levels to manage risks effectively.
Long-term Investors: Use the $0.04200 support zone for potential accumulation. A move below $0.04000 would invalidate the bullish bias.
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Technical Indicators:
Trend: Consolidation phase after a sharp upward move.
Volume: Moderate, suggesting cautious interest.
RSI: Neutral; room available for price movement in either direction.
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