Technical Analysis:
/TetherUS trading pair. The price has recently experienced some upward movement, followed by a slight pullback. It appears to be attempting to resume its upward trend. There's a noticeable resistance level around 0.02279 (indicated by the green line) and a support level around 0.02100 (indicated by the blue line). The current price is hovering around 0.02238.
Trade Signal:
Type: Long (Buy)
Entry Price: Around 0.02238 (or slightly below if there's a minor dip)
Stop Loss: 0.02214 (as indicated by the red shaded area in the image)
Trade Momentum:
The trade momentum appears bullish as the price is currently showing signs of attempting to break higher after a minor correction. There's a good risk-to-reward ratio for this potential long position if it successfully breaks above the immediate resistance.
Target Levels šÆ:
* Target 1 (T1): 0.02279 (This is the immediate resistance level)
* Target 2 (T2): 0.02320 (Based on previous price action and potential extension)
* Target 3 (T3): 0.02370 (A more ambitious target, nearing the peak of the recent rally)
Important Considerations:
* Always manage your risk.
* Monitor price action closely, especially around the target levels.
* Be prepared to adjust your strategy if market conditions change.
* This analysis is based solely on the provided image and does not account for broader market conditions or fundamental analysis.