$METIS
/USDT Technical Analysis & Trade Signals🚀🎯
Current Overview
Price: $48.71 (+10.08%)
Trend: Bullish momentum with price testing the upper Bollinger Band, supported by strong volume.
Indicators
1. Bollinger Bands (20, 2):
Current price is near the Upper Band ($48.36), indicating overbought conditions but also strong bullish pressure.
Middle Band ($44.26) and Lower Band ($40.16) provide support.
2. SAR (0.02, 0.2):
SAR at $44.97 confirms bullish momentum as the price is trading above it.
3. MACD:
Positive divergence with the MACD line above the signal line, further validating bullish momentum.
4. Volume:
24h volume ($16.75M) shows significant interest, supporting the bullish trend.
Trade Signals
Buy Entry
Ideal Entry: $47.50–$48.00 (on potential pullback near upper Bollinger Band).
Target Levels
1. 🎯 Target 1: $49.70 (previous 24h high and immediate resistance).
2. 🎯 Target 2: $52.00 (next psychological and Fibonacci extension level).
3. 🎯 Target 3: $55.00 (bullish breakout target with continuation momentum).
Stop Loss
Set at $44.00 (below SAR and middle Bollinger Band).
Momentum Assessment
Bullish Momentum:
Short-term momentum strong (15m: +3.88%, 1h: +8.07%, 4h: +11.27%).
Indicators align with continued upward movement unless a significant reversal occurs.
Risk Management
Low-Risk Trade: Enter near $47.50 with tight stop-loss at $44.00.
Aggressive Trade: Enter around $48.70, targeting $52.00 and $55.00.
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