Analysis of the current situation (#Radworks - RAD)
Overall signal: Moderately bullish with elements of increased risk.
Arguments "FOR" growth (Bullish):
1. Strong momentum: The token is showing aggressive growth (+17.48% in 24 hours), which attracts the attention of traders.
2. Key levels:
· Support: $0.70 - $0.71. This level is considered a "golden bottom," from which new waves of growth can be built. Maintaining the price above it is the main condition for continuing the upward trend.
· Target: $0.80 - $0.85. The current price ($0.812) is already in the target zone, which means that the first profitable task has been completed.
3. Breakout confirmation: The level of $0.71 was not only broken but also successfully tested (the price moved significantly higher), which is technically a strong signal.
Since the price is already in the zone of the initial target ($0.85), your main task is to protect capital and secure profits.
Option 1 (Conservative - Profit Protection):
· Stop-Loss: $0.795
· Justification: We set the stop-loss slightly below the current price and the psychological mark of $0.80. If the price reverses and starts to fall, this stop will allow you to secure most of the profits and exit before a serious correction to support begins.