3.2604 USDT (+1.17%)
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📌 Entry area:
🔹 $3.20 - $3.27
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🎯 Targets:
✅ First target: $3.34
✅ Second target: $3.45
✅ Third target: $3.49
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🛑 Stop loss:
🔻 $3.12
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📊 Technical analysis:
🔸 The current price is close to the average price AVL = 3.2657, and there seems to be support in this area.
🔸 RSI (18.23) is in the oversold area, which may indicate a potential upward bounce soon.
🔸 Negative MACD (DIF: -0.0044 / DEA: 0.0108 / MACD: -0.0152), reflecting selling pressure, but it might be nearing its end.
🔸 Stochastic K: 15.65 / D: 29.41 / J: -11.87: The indicators are in a very low area, supporting the opportunity for a technical bounce.
🔸 The volume is good but currently not increasing, indicating market hesitation to take a clear direction.
🔸 The last bottom at $3.1200 represents critical support for any buy orders.
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💡 Confirmation of the rise:
Breaking the $3.34 level will show the beginning of a new upward trend towards $3.45 then $3.49.
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📢 Risk management:
✔️ Take partial profits at each target to gradually secure gains.
✔️ Move the stop loss to the entry point after surpassing the first target.
✔️ Staying above $3.20 keeps the opportunity alive, and breaking below $3.12 cancels the idea and indicates a deeper drop.
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My personal opinion:
The currency is in a good area for a bounce but needs confirmation by rising above $3.34. The RSI and Stochastic indicators suggest a potential technical bounce soon.