$EPIC /USDT ā Strong Bullish Breakout š
Price surged about 17.5%, closing at $2.288 after forming a bullish engulfing candle above resistance. Current support is at $2.20ā$2.28, with resistance around $2.50, indicating continued upward momentum.
Fibonacci: The 61.8% retracement held near $2.28, suggesting a potential consolidation zone.
RSI: Hit overbought at ~73, now near 68 ā momentum is strong, but watch for possible pullbacks.
Entry Zones:
Safer: $2.20ā$2.25, near broken resistance and 20/50 MA breakout
Aggressive: $2.10ā$2.15, close to earlier support and bullish engulfing base
Take-Profit Targets:
TP1: $2.50 (upper Bollinger Band / recent high)
TP2: $2.70ā$2.80 (psychological resistance, further upside if momentum holds)
Stop-Loss Ideas:
Conservative: Below breakout support at $2.15
Tight: Around $2.18 for safer entry, or $2.08 for aggressive entry
Momentum favors bulls, but careful risk management is advised.