$SAGA $SAGA/USDT is currently trading at $0.3845 (+5.98%), approaching its 24-hour high of $0.3847 with strong volume of 33M SAGA traded. This Layer 1 token is showing bullish momentum as it tests key resistance levels.
Trade Setup (LONG):
- Entry Zones:
$0.3830-$0.3845 for breakout plays
$0.3750 for retest entries
- Take Profit Targets:
$0.4000 (4% upside)
$0.4200 (9.2% upside)
- Stop Loss: $0.3650
Technical Analysis:
- RSI(6) at 46.89 shows room for upside
- 367M SAGA traded indicates strong accumulation
- Key Levels:
Support at $0.3750 (EMA confluence)
Resistance at $0.3847 then $0.4000
Market Context:
1) Layer 1 projects gaining traction
2) Low float of 33M SAGA traded suggests volatility potential
3) Bullish patterns emerging on higher timeframes
Trading Plan:
1) Initiate 50% position at current levels
2) Add 50% on pullback to $0.3750
3) Exit strategy:
- 40% at $0.4000
- 40% at $0.4200
- 20% as runner with trailing stop
Risk Management:
- New token volatility requires caution
- Limit positions to 1-2% of portfolio
- Monitor BTC market correlation
Confirmation Signal:
Watch for close above $0.3847 with $2M+ volume for continuation
