From the chart you provided for $STPT /USDT, here's a detailed analysis and trading plan:
Key Observations:
1. Current Price: 0.06372
2. 24h High: 0.06781
24h Low: 0.05238
Volume: 340.55M STPT or 20.83M USDT
3. Indicators:
EMA (7): 0.06309 (price is above this, showing strength).
EMA (25): 0.06108
EMA (99): 0.05805
Wm%R(14): -43.05 (neutral zone, not overbought or oversold).
MACD: Slightly bullish, but momentum is minimal.
Analysis:
The price is holding above all major EMAs, indicating bullish momentum.
The recent high at 0.06781 acts as immediate resistance, while 0.05727 (close to EMA 25) serves as support.
Wm%R and MACD suggest stable momentum but no strong trend currently.
Suggested Trading Plan:
Buy Zone:
Entry Price: Between 0.0615 and 0.0630.
(Wait for minor dips closer to EMA 7 or EMA 25 for better risk-reward).
Target Levels:
1. Target 1: 0.0670 (Resistance near 24h high).
2. Target 2: 0.0700 (Psychological resistance).
3. Target 3: 0.0740 (Potential long-term breakout target).
Stop-Loss:
Place a stop-loss at 0.0580 (below EMA 99).
This protects against a trend reversal.
Risk Management Tips:
Avoid over-leveraging; use 2-3% of your portfolio for this trade.
Monitor volume. High volume near breakout levels indicates strong follow-through.
Keep an eye on MACD and Wm%R for momentum confirmation.