$PERP /USDT Technical Analysis & Trade Signal
Current Price: 0.8192 USDT
Momentum: Bearish (price below MA60 and slight downward trend).
Trade Signal:
Signal: SELL (Short-term)
Reasoning:
Price is trading below MA60 (0.8258) and facing resistance.
Negative daily change (-1.57%) and declining volume indicate weak momentum.
Targets
1. Target 1 (Support): 0.8125 USDT
2. Target 2 (Mid-Support): 0.8050 USD
3. Target 3 (Major Support): 0.7980 USDT
Stop Loss:
Set at 0.8302 USDT (above resistance).
Momentum:
Short-Term: Bearish (price below key moving averages).
Mid-Term: Mixed (recovery over 90 days but weak in 30 days).
Long-Term: Cautious (down -38.89% over the year).
Note: If price breaks MA60 (0.8258) with strong volume, reassess for a potential reversal toward 0.8350 USDT.
#CryptoReboundStrategy #BitcoinHashRateSurge #BitcoinTurns16
