Technical Analysis Report: $SUN/USDT - Rising Star Alert! đ_
$SUN has been on a tear for the past 7-8 days, and I'm thrilled to say I predicted this rally 6 days ago! đ This cryptocurrency is eyeing new heights, but remember, its fate is tied to $BTC's performance. If $BTC dips, $SUN will likely follow.
_Current Market Snapshot:_
- Current Price: $0.04335
- Resistance: $0.04400 (the next glass ceiling)
- Support: $0.03827 (the safety net)
_Trading Opportunities:_
- *Long Trade:* Enter above $0.04400, targeting $0.04500 and $0.04600, with a stop loss at $0.04135. This setup offers a potential profit of 9.5% and 12.2%, respectively.
- *Short Trade:* Enter below $0.03827, targeting $0.03700 and $0.03562, with a stop loss at $0.04135. This setup offers a potential profit of 3.2% and 7.1%, respectively.
- Monitor the resistance level closely for a potential breakout to the upside.
- Be prepared for a retracement to support for a short trade setup.
- Keep an eye on $BTC's performance, as it will impact $SUN's price action.
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