#BinanceAlphaAlert HAEDAL/USDT here's a technical analysis to help assess potential buy/sell signals, along with suggested stop-loss (SL) and take-profit (TP) levels.
Overview:
Current Price: 0.1982 USDT
Change: +92.24% (significant spike)
Recent High: ~0.2231 USDT
Support Level: ~0.1950 USDT
Resistance Level: ~0.2176 – 0.2231 USDT
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Technical Indicators and Volume:
1. Price Spike Followed by Decline:
The price experienced a sharp surge and is now correcting.
This could indicate a pump and correction or profit-taking phase.
2. Volume Analysis:
High volume during the initial spike.
Gradually declining, indicating reduced buying interest.
3. Order Book Sentiment:
Buy Side: 57.29%
Sell Side: 42.71%
Indicates a mild bullish sentiment still present.
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Trade Signal:
Scenario 1: Buy (Long) Entry
Entry Point: If price stabilizes above 0.1950 USDT.
Stop-Loss (SL): 0.1900 USDT (below key support).
Take-Profit (TP): 0.2150 – 0.2230 USDT (resistance zone).
Risk/Reward Ratio: ~1:2.5
Strategy: Buy the dip only if there’s volume support or bullish candle confirmation.
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Scenario 2: Sell (Short) Entry
Entry Point: If price fails to hold above 0.1950 USDT and breaks below.
Stop-Loss (SL): 0.2020 USDT (minor resistance).
Take-Profit (TP): 0.1820 – 0.1850 USDT (next possible support).
Risk/Reward Ratio: ~1:2
Strategy: Short if selling pressure increases and volume confirms breakdown.
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Caution:
Since the asset is highly volatile with a +92% spike, trade with small position size.
Monitor MACD/RSI or candlestick reversal patterns for confirmation.
Avoid chasing the price; wait for consolidation or breakout. $HAEDAL