Hereโs a concise technical analysis for the $QUICK
/USDT trading pair with trade signals and target levels๐ฏ๐
Technical Analysis Summary:
Current Price: $0.06641
Trend: Bullish (Price is up +2.52% over the last 24 hours, indicating momentum)
Key Support: $0.06203 (24h Low)
Key Resistance: $0.06650 (24h High)
Trade Signals:
Buy Signal: If price holds above $0.06508 and breaks the resistance at $0.06650, expect further upward movement.
Sell Signal: If price drops below $0.06203, consider a short position or exit, as it could indicate a reversal or consolidation.
Target Levels:
1. Target 1 (First Resistance): $0.06800 โ Near recent high and potential for a breakout.
2. Target 2 (Mid Resistance): $0.07000 โ Strong psychological resistance.
3. Target 3 (Extended Resistance): $0.07300 โ In line with broader bullish momentum, if the trend continues.
Momentum:
The momentum is bullish, as shown by the +2.52% increase and consistent higher lows.
Watch for the breakout at $0.06650 to confirm continuation of the uptrend.
Indicators such as MA (Moving Average) and Bollinger Bands can provide additional confirmation of trend strength.
Conclusion:
Bullish Trade: Buy above $0.06508 with targets at $0.06800, $0.07000, and $0.07300.
Bearish Warning: Below $0.06203, reconsider positions.
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