The chart highlights key levels, including volume zones, making this asset particularly appealing for both beginner traders and experienced market participants.
🔑 Key Levels
Support:
- 37.092 USDT – the lower boundary of the channel where buyers actively defend positions.
- 37.673 USDT – a short-term support zone during local corrections.
Resistance:
- 40.489 USDT – the current resistance level being tested by the price.
- 49.427 USDT – the upper boundary of the channel, serving as the target for bullish movement.
These levels play a crucial role in position management and planning trade entries and exits.
🚩 Trade Setup
The chart shows increased trading volume accompanying the price's upward movement. This confirms buyer activity and strengthens the likelihood of further growth.
Entry Point: Consider opening a long position upon a breakout above 40.489 USDT.
Stop-Loss: Set a protective stop order below 37.092 USDT to limit potential losses.
Take-Profit Targets:
- 43.500 USDT – the first target where partial profit-taking is recommended.
- 46.800 USDT – an intermediate target for securing the majority of the position.
- 49.427 USDT – the final target at the upper boundary of the channel.
📈 Technical Analysis Context
- The price is currently in the middle of the ascending channel, suggesting the possibility of both further growth and short-term corrections.
- Increasing volume in support and resistance zones enhances the reliability of these levels.
- A breakout above 40.489 USDT could signal the start of a new bullish impulse.
💡 Trader Recommendations
- Utilize volume analysis: Rising volumes at key levels confirm their significance.
- Watch for breakouts: If the price consolidates above resistance, expect an acceleration in growth.
- Plan positions in advance: Set take-profit and stop-loss orders beforehand for effective risk management.
- Analyze dynamically: Use timeframes (1H and 4H) to get a complete market picture.
Conclusion
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
📈 Join my VIP bot for signals and real-time analysis:
👉 VIP Signals
🎥 YouTube channel:
👉 YouTube
📚 Courses traders:
👉 Stepik
👉 VIP Signals
🎥 YouTube channel:
👉 YouTube
📚 Courses traders:
👉 Stepik
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.