Looking at the chart, $REQ /USDT has experienced a strong breakout 🚀, with a sharp price spike and RSI moving into the overbought zone 📈. Here’s a potential trade strategy:
Short-Term Trading Strategy 🎯
Entry Point 🛠️: If not already in, wait for a slight retracement (support around $0.11 - $0.105).
Take Profit (TP) 🎯:
Conservative: $0.125 - $0.13
Aggressive: $0.14+ if momentum continues
Stop Loss (SL) 🛑: Below key support, around $0.098 - $0.10
Indicators to Watch 🔍
RSI 📊: Above 70, indicating overbought conditions—potential pullback incoming.
Volume 🔥: If volume remains high, breakout continuation possible.
Support & Resistance 📏: Watch previous resistance levels for potential rejection.
Risk Management ⚖️
Trailing Stop 🏃♂️: Move SL higher as price moves up.
Partial Profits 💰: Take profits along the way to secure gains.