Here's a short technical analysis and trade signal for $VIB
/USDT:
Technical Analysis:
Trend: Bullish (+28.21% in the last 24 hours)
Support: 0.09392 USDT (24h Low)
Resistance: 0.15252 USDT (24h High)
RSI: The relative strength index is approaching overbought conditions. Expect a possible consolidation or slight pullback.
MACD: Bullish crossover, supporting the current upward momentum.
Trade Signal:
Entry Point: If price retraces to around 0.12500 USDT, this would be a good level to enter the market for potential continuation.
Target Levels (T1, T2, T3):
1. T1 (Short-term Target): 0.14500 USDT (near recent highs)
2. T2 (Mid-term Target): 0.15000 USDT (resistance level)
3. T3 (Long-term Target): 0.16000 USDT (extended resistance)
Trade Momentum:
Momentum: Strong upwards momentum with increasing volume. Watch for any reversal signals or a breakdown below 0.12000 USDT to re-evaluate the bullish trend.
This analysis suggests entering a long position at around 0.12500 USDT, targeting 0.14500, 0.15000, and 0.16000 as the price rises, with key risk management around support levels.