🚀 $SNT /USDT – Bullish Momentum! Can It Break Resistance? 🔥
📈 Bullish Scenario (Long Setup)
🟢 Entry Zone: Break above $0.03071 (24h High)
🎯 Take Profit Targets:
TP1: $0.0315 (Next psychological level)
TP2: $0.0328 (MA7 from last screenshot)
🛑 Stop Loss: Below $0.0298 (MA25 support)
📉 Bearish Scenario (Short Setup)
🔴 Entry Zone: Rejection at $0.03071
🎯 Take Profit Targets:
TP1: $0.0288 (Previous MA support)
TP2: $0.02655 (24h Low)
🛑 Stop Loss: Above $0.0310
📊 Market Overview
Current Price: $0.03022 - $0.03026
24h Change: +13.10% to +13.21%
Trend: Short-term uptrend but facing resistance at $0.03071.
Momentum: Bullish MACD but overbought RSI (83.68 earlier, cooling to 64.88).
Risk Level: High (Volatile with potential reversal signals).
🔥 Key Levels
🟢 Support: $0.02655 (24h Low), $0.0288 (MA25)
🔴 Resistance: $0.03071 (24h High), $0.0315
⚡ Final Thoughts
📌 Summary: SNT/USDT shows strong bullish momentum but is testing a critical resistance. A breakout could extend gains, while rejection may trigger a correction.
💡 Key Considerations:
Monitor RSI for overbought reversal signals.
Watch volume spikes for breakout confirmation.
🛠️ Optional Additions
Volume Analysis:
High 24h volume (158M SNT) suggests strong interest.
Technical Indicators:
MACD bullish crossover but divergence in later data.
MA(7) above MA(25) supports short-term uptrend.
Market Sentiment:
🐂 Bullish due to recent price surge, but caution needed near resistance.
🛑 Risk Management
⚠️ Tight stop-losses recommended due to volatility.
🔍 Chart Highlight
Immediate battle between bulls and bears at $0.03071. A close above this level could signal further upside.
Using this analysis, traders can align strategies with key levels and manage risk effectively. 🚨
