Technical Analysis and Trade Signal for $SIGN /USDT
Current price is \$0.06503, down 4.87%.
Key levels to watch:
* Resistance at \$0.06669, the recent high
* Support at \$0.06379, the 24-hour low
Momentum is bearish, with price trading below the 4-hour and daily averages and RSI likely oversold.
Trade signal suggests buying on a dip near \$0.06379 if momentum shows signs of stabilizing.
Targets:
1. Take profit 1 at \$0.06669 (recent high)
2. Take profit 2 at \$0.06881 (24-hour high)
3. Take profit 3 at \$0.07000 (psychological level)
Stop loss should be set below \$0.06350 for risk management.
Monitor 15-minute and 1-hour charts for reversal confirmation, such as bullish divergence.
