SAGA is trading at 2.8688 USDT, surpassing its recent high of 2.8740 USDT. After a prolonged accumulation phase, SAGA has broken out of a key resistance zone and is in a strong uptrend.
Trading volume increases sharply during the breakout phase, indicating active buyer interest and participation.
Bullish candles are often accompanied by high volume, confirming the strength of the uptrend.
Volume decreased during mild correction sessions, indicating weak selling pressure.
SAGA may have completed its accumulation phase and is entering a markup phase.
Signs of a "spring" (a jump to retest support) appear before breaking out of resistance.
Slight corrections after a breakout can be seen as "shakeouts" to weed out weak investors.
RSI is at high levels, indicating that the market is in overbought territory. However, the uptrend is still strong and RSI may remain high for a while.
MACD is above the signal line and histogram is rising, confirming the bullish trend.
Nearest support: 2.7394 USDT, 2.6000 USDT.
Nearest resistance: 2.8740 USDT (recent peak), 3.0000 USDT (psychological target).
Short term: SAGA may correct slightly to retest the 2.7394 USDT support zone before continuing to rise.
Medium term: The bullish trend is expected to continue, targeting 3,0000 USDT and higher.
Long Term: SAGA has strong growth potential in the future, especially if the overall cryptocurrency market continues to grow.
Entry point:
First:
As SAGA retests the 2.7394 USDT support zone with low trading volume and technical indicators giving bullish reversal signals.
Breakout from resistance level 2.8740 USDT with strong increase in trading volume.
Stop-loss: Set below the nearest support level (eg 2.6000 USDT).
Take-profit: Divide profit according to each target (eg: 3.0000 USDT, 3.5000 USDT,...).
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