$PSG /USDT TECHNICAL ANALYSIS: BULLISH TREND - BREAKOUT OPPORTUNITY 🚀
🚨 Key Levels 🚨
Support: $2.58
Resistance: $2.778
Current Price: $2.66
🔍 Market Overview:
The $PSG /USDT pair is currently in a bullish trend, showing a +4.71% increase in price today. The price is hovering near the key resistance level of $2.778, suggesting the potential for a breakout. The 24-hour high at $2.778 is critical for the continuation of the bullish momentum. If the price successfully breaks above this level, we could see further upside movement.
📈 Trade Setup:
Long Entry: Enter at $2.68 (Above current price)
Take Profit (TP): $2.85 (Target next resistance level)
Stop Loss (SL): $2.58 (Support level)
💡 Risk Management:
Position Size: Keep the position size small to manage risk effectively.
Risk-Reward Ratio: Aim for at least a 2:1 reward-to-risk ratio.
Stay vigilant for the breakout above $2.78 to confirm the bullish trend. Trade carefully and protect your capital! 💰📊
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