Technical Analysis for $1000SATS /USDT
Current Price: 0.0003004 USDT
24h Change: -5.33%
Key Observations
1. Support Levels:
First Support: 0.0002928 (24h low)
Second Support: 0.0002800 (recent consolidation zone)
2. Resistance Levels:
First Resistance: 0.0003100 (psychological level)
Second Resistance: 0.0003365 (24h high)
3. Momentum: Bearish in the short term, as indicated by consistent lower highs and lower lows.
Indicators
RSI: Near oversold territory (~32), suggesting potential for reversal.
MACD: Bearish crossover observed, signaling selling pressure.
Moving Averages:
Price is below the 50 EMA, confirming a downtrend.
Short-term resistance lies at 0.0003100.
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Trade Setup
Entry:
If price holds above 0.0002928, consider a buy position.
Alternatively, wait for confirmation above 0.0003100 for stronger momentum.
Targets 🎯:
1. Target 1: 0.0003100 (+3.2%)
2. Target 2: 0.0003250 (+8.2%)
3. Target 3: 0.0003365 (+12.0%)
Stop Loss:
Place a stop-loss at 0.0002800 to manage risk.
Trade Momentum
Short-Term: Bearish. Wait for reversal signals near support zones.
Mid-Term: Neutral to bullish if price regains 0.0003100.
