Strong rise in the price of 12122783966USDT - more increases are likely if the momentum continues 🚀
The price of 12122783966USDT has risen by more than 20%, breaking through multiple resistance levels with two consecutive bullish candles. The price is currently consolidating just below the local high of 0.6149, indicating a strong possibility for continuation if the bulls maintain trading volume.
Long-term trading signal
Entry zone: 0.5900 - 0.5960
Stop loss: 0.5670
Take profit:
→ TP1: 0.6145
→ TP2: 0.6350
→ TP3: 0.6590
Margin: 2-3% of capital
Leverage: 10x
Market outlook:
The trend is decisively bullish with strong momentum candles and higher peaks. Trading volume is increasing, and there has been no significant bearish rejection so far. A breakout above 0.615 could lead to a swift continuation towards the 0.65+ level. Please be cautious if the price falls below the support level of 0.565.
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