$CUDIS /USDT Trade Signal:
Prediction: LONG (Bullish)
The price is currently at $0.10019, showing an increase of +8.28%. The chart indicates a strong bullish momentum with higher highs and higher lows. The price is above all key moving averages (MA(7): 0.092847, MA(25): 0.090850, MA(99): 0.098920), which are aligned in a bullish order (MA(7) > MA(25) > MA(99)), confirming the uptrend. The volume is high (2.66M) and above the moving averages of volume, indicating strong buying interest. The recent consolidation near $0.100 suggests a potential breakout to the upside.
Entry Point: $0.0995 - $0.1005
Enter near the current price level on a slight pullback or confirmation of upward movement.
Take Profit Levels:
- TP1: $0.1045 (immediate resistance level from the chart)
- TP2: $0.1165 (next significant resistance)
- TP3: $0.1285 (upper resistance zone, approaching the high of $0.137759)
Stop Loss: $0.0924
This is below the recent support (around $0.092437) and the MA(25) to protect against a trend reversal.
Rationale:
- The price is in a clear uptrend with strong momentum and volume support.
- Moving averages are bullish and acting as dynamic support.
- The chart structure shows consistent buying pressure with higher lows.
- Stop loss is placed below key support to manage risk effectively.
Monitor for any break below MA(25) which could signal a short-term correction.