1.9164 USDT (+4.56%)
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📌 Entry area:
🔹 $1.85 - $1.92
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🎯 Targets:
✅ Target 1: $2.05
✅ Target 2: $2.25
✅ Target 3: $2.50
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🛑 Stop loss:
🔻 $1.79
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📊 Technical analysis:
🔸 The price bounced strongly from the low at $1.5945 and shows good upward momentum towards the psychological resistance at $2.00.
🔸 The Relative Strength Index (RSI 77.71) indicates an overbought condition, which may precede a correction or consolidation before continuing to rise.
🔸 The MACD (MACD = 0.0136) has started to give positive signals with the MACD line crossing above the signal line, enhancing the likelihood of the upward trend continuing.
🔸 Trading volume is gradually increasing, supporting the current upward movement.
🔸 Short-term moving averages (MA 5 above MA 10) give buy signals.
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💡 Confirmation of upward movement:
A clear breakout at $2.05 will support reaching $2.25 then $2.50 in the short term, especially if trading volume increases.
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📢 Risk management:
✔️ Take profits gradually at each target.
✔️ Move the stop loss to the entry point after achieving the first target.
✔️ Staying above $1.85 is essential to support the upward trend, and a break below $1.79 may indicate the start of a downward correction.
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My opinion:
The asset is in a strong recovery state; if you are in the trade, monitor caution levels to secure profits.
Do you prefer to buy now or wait for confirmation after the correction?