Market Movement Analysis & Trading Signal for VIDT/USDT
Current Market Overview
Open Price: 0.01922
High Price: 0.01956
Low Price: 0.01880
Close Price: 0.01919
Change: +0.10%
Amplitude: 3.95%
Parabolic SAR: 0.01793 (Bullish Reversal Confirmation)
Market Analysis
Trend Analysis:
The market was in a strong downtrend, reaching a low of 0.01537 before recovering.
The recent sharp upward spike suggests a possible bullish breakout.
Parabolic SAR dots have shifted below the price, confirming a bullish trend continuation.
Support & Resistance Levels:
Resistance: 0.01950 - 0.02000, if broken, it could push price towards 0.02150 - 0.02200.
Support: 0.01850, if price falls below this level, it may drop back to 0.01750 - 0.01650.
Indicators & Signals:
Parabolic SAR Bullish: The trend has reversed upwards, confirming an uptrend continuation.
Strong Buying Momentum: The large green candle suggests heavy buying interest.
Next Movement Prediction
Bullish Scenario:
If price breaks above 0.01950, it could rally towards 0.02100 - 0.02200.
Bearish Scenario:
If price fails to hold 0.01880, a pullback towards 0.01750 - 0.01650 is possible.
Trading Signal
Buy Entry: Above 0.01950, targeting 0.02100 - 0.02200.
Stop Loss: 0.01850.
Sell Entry: Below 0.01850, targeting 0.01750 - 0.01650.
Stop Loss: 0.01950.
Profit Potential
Long Trade: +8-12% profit potential if price continues upward.
Short Trade: 6-10% profit potential on a downward move.
📌 Wait for confirmation before entering a trade. Manage risk carefully and use stop-loss orders! 🚀📉