$PERP /USDT Technical Analysis & Trade Signal
Current Price: $0.8546
Momentum: Bullish (Price up by +3.35%)
Indicators:
MA60 (0.8521): Price above MA60, indicating bullish momentum.
MACD: Positive divergence suggests upward momentum.
Bollinger Bands (BOLL): Price near upper band, signaling possible breakout or overbought zone.
Volume: Strong volume of 1.34M PERP suggests active market participation.
Trade Signal: Long Position
Entry Zone: $0.8500 - $0.8550
Stop-Loss: $0.8350 (below recent support level)
Target Levels
1. Target 1: $0.8700 (Short-term resistance)
2. Target 2: $0.8900 (Key psychological level)
3. Target 3: $0.9200 (Extended bullish target)
Trade Momentum:
Bullish bias supported by upward movement and strong volume.
Monitor resistance at $0.8565 for a breakout confirmation.
Watch for overbought conditions or potential retracement near upper Bollinger Band.
Let me know if you'd like additional insights or adjustments!
