$SAGA Trade Setup 📈📉

SAGA/USDT 4H Timeframe Analysis

Overview:

- The chart shows a clear reversal pattern forming, supported by bullish divergence on the RSI.

- Price broke out from the descending trendline, indicating a possible trend shift.

Buy Signal 🎯

- Entry

Buy near the 1.19 - 1.20 USDT level, as the breakout is confirmed, and the RSI is signaling a bullish momentum.

Take Profit Levels:

1. TP1: 1.49 USDT (psychological level and next resistance)

2. TP2: 1.75 USDT (based on previous swing high)

3. TP3: 1.79 USDT (Fibonacci extension and resistance zone)

Stop Loss:

- Place your stop loss around 1.06 USDT just below the recent lows and support zone to protect against fake breakouts.

Leverage:

- Use 3x - 5x leverage for moderate risk. Since this is a 4-hour chart, volatility can be expected. Avoid overleveraging to manage drawdowns.

Risk Management:

- Risk 1-2% of your portfolio per trade.

- Reward-to-risk ratio is around 2.5:1 to 3:1 depending on your targets.

- Move your stop to break even once 1.49 USDT is reached to secure profits.

Strategy:

- If the breakout sustains, you can hold for higher levels.

- Watch for volume confirmation and potential retracements before adding more positions.

This is a mid-term play, perfect for traders who prefer swing setups.

#SAGA🔥🔥 #SAGAUSDT #SAGAStrategy #SAGAUSDT🎯📢