Market Movement Analysis & Trading Signal for COOKIE/USDT
Current Market Overview
Open Price: 0.2336
High Price: 0.2457
Low Price: 0.2318
Close Price: 0.2378
Change: +1.58%
Amplitude: 5.94%
Parabolic SAR: 0.2203 (Bullish Trend Confirmation)
Market Analysis
Trend Analysis:
The price has been in a strong uptrend from 0.1670, reaching a recent high of 0.2531.
A retracement followed but buyers regained control, forming higher lows.
Support & Resistance Levels:
Resistance: 0.2531 (recent high), if broken, the price may rally towards 0.2600 - 0.2700.
Support: 0.2250, if broken, price may drop to 0.2100 - 0.2000.
Indicators & Signals:
Parabolic SAR (Bullish): The dots are below the price, confirming an uptrend continuation.
Strong Buying Momentum: The recent green candles indicate buying pressure is increasing.
Next Movement Prediction
Bullish Scenario:
If price breaks above 0.2450, it could rally towards 0.2530 - 0.2600.
Bearish Scenario:
If price fails to break 0.2450 and drops below 0.2300, it could fall to 0.2200 - 0.2100.
Trading Signal
Buy Entry: Above 0.2450, targeting 0.2530 - 0.2600
Stop Loss: 0.2300
Sell Entry: Below 0.2300, targeting 0.2200 - 0.2100
Stop Loss: 0.2450
Profit Potential
Long Trade: +6-10% profit potential if price continues upward.
Short Trade: 5-8% profit potential on a downward move.
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