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• Current price is 166.46 USDT.
• Bollinger Bands indicator shows that the price is close to the upper resistance at 171.76, which may indicate an upcoming decline if the price fails to break this resistance.
• MACD indicator is positive at 0.33, but shows signs of a decline with a possible negative crossover coming. If this crossover occurs, it could be a good signal to sell.
• RSI (24) indicator is at 63.99, which is in a near overbought area, which means there is a high probability of a decline.
Suggested Sell Entry Point: If the price fails to break the 171 level and declines below 165, this could be a good signal to initiate a sell trade.
2. Exit Point (Take Profit):
• The first strong support that can be seen is at 161.77 USDT, and if broken, the price could continue to decline until 150.48.
• RSI and MACD indicators will help determine when the selling momentum is strong enough to continue the trade.
Suggested exit point: at 161 USDT or if indicators (such as MACD and RSI) show upward reversal signals.
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