Ankr (ANKR) / USDT Long Trade Setup
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1. Coin Name:
• $ANKR / USDT
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2. 24-Hour Change:
• +23.95%
• Current Price: $0.0222 
• 24h High: $0.0222
• 24h Low: $0.0175 
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3. Targets for Long Trade:
• TP1: $0.0250 – Recent resistance level observed in past price action.
• TP2: $0.0280 – Psychological resistance level and previous support zone.
• TP3: $0.0300 – Significant resistance area identified in historical analyses.
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4. Entry Point:
• Long Entry: Around $0.0222, especially if the price consolidates above the 7-day moving average (MA(7)) at $0.0200, indicating potential bullish momentum.
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5. Stop Loss:
• Stop Loss: Place stop loss below $0.0185, just under the recent consolidation zone, to protect against potential downward movements.
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6. Take Profit:
• Take Profit (TP1): $0.0250 – Initial resistance zone.
• Take Profit (TP2): $0.0280 – Notable psychological resistance level.
• Take Profit (TP3): $0.0300 – Significant resistance identified in historical price action.
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7. Maximum Loss:
• Maximum Loss: Potential loss if the price moves against the long position, considering the stop-loss set at $0.0185.
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Summary:
• Long Entry: Around $0.0222, particularly if the price maintains support above the MA(7) at $0.0200 and exhibits bullish tendencies.
• Stop Loss: Set at $0.0185 to limit potential losses in case of downward price movements.
Note: This analysis is based on current market data and technical indicators. Market conditions can change rapidly, so it’s essential to conduct thorough research and consider risk management strategies before making any trading decisions.
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