Looking at the chart, $REQ /USDT has experienced a strong breakout ๐, with a sharp price spike and RSI moving into the overbought zone ๐. Hereโs a potential trade strategy:
Short-Term Trading Strategy ๐ฏ
Entry Point ๐ ๏ธ: If not already in, wait for a slight retracement (support around $0.11 - $0.105).
Take Profit (TP) ๐ฏ:
Conservative: $0.125 - $0.13
Aggressive: $0.14+ if momentum continues
Stop Loss (SL) ๐: Below key support, around $0.098 - $0.10
Indicators to Watch ๐
RSI ๐: Above 70, indicating overbought conditionsโpotential pullback incoming.
Volume ๐ฅ: If volume remains high, breakout continuation possible.
Support & Resistance ๐: Watch previous resistance levels for potential rejection.
Risk Management โ๏ธ
Trailing Stop ๐โโ๏ธ: Move SL higher as price moves up.
Partial Profits ๐ฐ: Take profits along the way to secure gains.