$DRIFT /USDT Perp — 4H Trade Setup
Market Insight:
$DRIFT is showing solid bullish momentum with a +9.82% rise over the last 24h, currently trading near $0.5736, close to its 24h high of $0.5832. Volume is moderate (~27.7M DRIFT) with decent USDT volume (~15.2M), indicating steady interest. Price is above recent MA(5) and MA(10) on lower volume, suggesting momentum may still build.
Entry Zone:
$0.55 – $0.57 (a small pullback zone before continuation)
Targets:
Target 1: $0.58 (recent 24h high)
Target 2: $0.62 (next resistance zone)
Target 3: $0.67 (extended bullish target)
Stop Loss:
$0.50 (just below the recent low support zone)
Key Levels:
Support: 0.55 / 0.52 / 0.50
Resistance: 0.58 / 0.62 / 0.67
Pivot: ~0.57 (current trading area)
Pro Tip:
Wait for a minor pullback with lower volume to enter near the entry zone. Confirm entry with a bullish reversal candle or volume spike. Manage risk carefully since volume is still building.
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