$PERP /USDT Trade Signal – April 20, 2025
PERP has just broken out with a massive green candle on the 30-min chart, currently trading at $0.2448, up +34.21% in the last 24 hours.
Bullish Momentum: Price has surged above all major moving averages – MA(7), MA(25), and MA(99) – showing strong upward momentum.
Volume Surge: 24h volume is up significantly, with 34.76M PERP traded – a clear sign of big player interest.
Entry (Long): Consider entering a long position around $0.2380 - $0.2440 after a small pullback, targeting $0.2610 - $0.2750 short term.
Entry (Short): If price fails to hold above $0.2400, short entries can be considered near $0.2450, targeting support levels at $0.2250 - $0.2150.
Stop Loss (Long): Place SL below $0.2290 to manage downside risk.
Stop Loss (Short): SL above $0.2615 for short entries.
Momentum Score: 62.9% of the order book is in favor of buyers – bulls are currently dominating.
Caution: High volatility – manage position size and always use a stop loss.
Trade smart, trade safe!
