$1000SATS /USDT on Binance, and it’s currently priced at 0.0000379 USDT, up +0.53% in the last 24 hours. Here's a quick breakdown:
24h High: 0.0000385
24h Low: 0.0000360
Volume (1000SATS): 136.73B
Volume (USDT): 5.08M
Price Action: Heavy sell-off post-listing, forming a rounding bottom with minor consolidation recently.
Signal: Cautious Bullish Reversal Attempt
Reasoning:
Price Stabilizing: After a major downtrend, the price is consolidating around 0.000037x, showing signs of a potential bottom.
Volume: Volume is decreasing, which often signals the end of a sell-off. One green spike could confirm a reversal.
Short-term Momentum: Slight green candles with a +3.55% move today suggest some buyers are stepping in.
Entry Idea:
Aggressive Entry: Current level (0.0000375–0.0000385) with tight stop loss below 0.0000360.
Safer Entry: Break above 0.0000400 with volume confirmation.
Target Levels:
TP1: 0.0000450
TP2: 0.0000550
TP3: 0.0000700+
Stop Loss: Below recent low – around 0.0000355
Want me to add indicators like RSI/EMA-based confirmation or give you a swing trade strategy for this one?