💰$HUMA /USDT: BULLISH BREAKOUT!🚀
Key Levels
Based on the provided chart, HUMA/USDT has seen a significant price surge, breaking above a key resistance level.
* Current Price: $0.03252
* Support Level: The primary support is around the $0.02847 area, which previously acted as a strong resistance. This is where buyers stepped in, forming the base for the recent rally. It's the new "floor" for the price.
* Resistance Level: The immediate resistance, or "ceiling," is at the recent high of $0.03612. This is the level where selling pressure is expected to increase, potentially causing a pause or reversal in the uptrend.
Trade Setup
Given the strong upward momentum and the breakout above prior resistance, a long (buy) position is a potential trade setup.
* Entry: Look for a long entry at the current price around $0.03250 or on a retest of the broken resistance, which could act as new support (around $0.03000).
* Take Profit (TP):
* TP1: $0.03500 - A conservative target aiming for a continuation toward the recent high.
* TP2: $0.03612 - The key resistance level from the 24-hour high.
* Stop Loss (SL): A stop loss should be placed below the new support level to protect against a trend reversal. Place your SL at $0.02900. This ensures that if the price falls back below the key support, your loss is limited.
Risk Management
Always use a stop loss to protect your capital. Only risk a small, predefined percentage of your total trading portfolio on this single trade, typically 1-2%. This practice prevents significant losses and allows you to trade another day if the market doesn't move as expected.
