$PROS

$PROS

PROS/USDT Analysis

Current Price: $0.7472 (+8.20%)

  • 24h High: $0.8530

  • 24h Low: $0.6891

  • Volume:

    • PROS: 44.90M

    • USDT: 34.76M

Moving Averages (MA)

  • MA(7): $0.7374 (slightly bullish, short-term trend).

  • MA(25): $0.7470 (near the current price, consolidation).

  • MA(99): $0.7567 (longer-term trend shows some resistance above).

The price is close to MA(25), indicating a consolidation phase, with potential for either a breakout or pullback.

Key Levels

  1. Support Levels:

    • Immediate Support: $0.7262 (recent low).

    • Strong Support: $0.7226 (near the MA(7)).

    • Critical Support: $0.6891 (24h low).

  2. Resistance Levels:

    • Immediate Resistance: $0.7472 (current price).

    • Key Resistance: $0.7567 (MA(99), longer-term resistance).

    • Extended Resistance: $0.8019 (next major resistance).

Trading Strategy

1. Targets

  • Bullish Scenario:

    • If the price breaks above $0.7472:

      • First Target: $0.7567 (MA(99) resistance).

      • Second Target: $0.8019.

      • Extended Target: $0.8530 (24h high).

  • Bearish Scenario:

    • If price falls below $0.7262:

      • First Target: $0.7226 (MA(7) support).

      • Second Target: $0.6891 (24h low).

2. Stop-Loss Levels

  • For Long Positions: Below $0.7262 (e.g., $0.7200).

  • For Short Positions: Above $0.7567 (e.g., $0.7600).

3. Indicators to Watch

  • Volume: Moderate at 34.76M USDT. It’s important to watch for volume spikes, which could confirm a breakout.

  • Trend: The price is consolidating around MA(25), and a breakout above $0.7472 could lead to further bullish momentum.

Outlook

  • Bullish: A breakout above $0.7472 could lead to a continuation to $0.7567-$0.8019.

  • Bearish: If price falls below $0.7262, expect potential to test $0.6891.

Good luck gys 🥰

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