Beginner’s Guide to Trading SIGN/USDT

Market Analysis: The SIGN/USDT chart shows a price increase from $0.08238 to a high of $0.08973, currently trading around $0.08708. The moving averages (MA 7, 25, and 99) are acting as support and resistance.

Trading Strategy for Beginners:

1. Identify the Trend:

If MA(7) and MA(25) are sloping upward, consider looking for Buy opportunities.

If MA(7) starts turning down, be cautious of a trend reversal.

2. Watch Key Support and Resistance:

Support: Around $0.08532 (MA 99)

Resistance: Around $0.08973

3. Volume Confirmation:

A sudden rise in volume may indicate a breakout.

4. Trade Setup Suggestion:

Buy Entry Zone: Between $0.08550 and $0.08600 (near MA 25)

Target: $0.08900+

Stop Loss: $0.08350