$SUN

Technical Analysis for $SUN

/USDT🎯🚀

Current Price: $0.03073

Bollinger Bands:

Price is near the Lower Band ($0.02992), indicating potential oversold conditions.

The Middle Band ($0.03047) acts as immediate resistance.

SAR Indicator:

SAR at $0.02978, below the current price, suggests bullish momentum might be building.

Volume Analysis:

Strong trading volume (1.01B SUN), indicating high market participation but selling pressure is evident given the 10.49% drop.

Trade Strategy with 🎯 Targets

Entry Zone:

Look for entries between $0.02980 and $0.03000, near the Bollinger Lower Band and SAR levels, for a low-risk entry point.

Target Levels:

1. 🎯 Target 1 (Short-term): $0.03150

Corresponds to the Upper Bollinger Band breakout.

Achievable if bullish momentum confirms with increased volume.

2. 🎯 Target 2 (Mid-term): $0.03250

Key psychological level and a strong resistance area from recent price action.

Exiting partially here is recommended.

3. 🎯 Target 3 (Long-term): $0.03400

Near the 24-hour high. Achieving this target would confirm a complete recovery from the recent 10.49% drop.

Stop Loss:

Place a Stop Loss at $0.02940 to minimize downside risk in case the price breaks below key support.

Additional Notes:

Monitor volume spikes and SAR shifts, as they indicate trend reversals.

Break below $0.02940 could extend the bearish trend toward $0.02850.

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