Based on the Binance trading chart you've shared for the BUSD/T perpetual contract on the 4-hour time frame, here's a breakdown of the technical analysis, including buy/sell zones, and potential long/short positions:
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Current Market Summary
Last Price: $0.40115
24h High/Low: $0.47729 / $0.26490
Change: +51.25%
RSI (6): 62.50 (slightly bullish)
SAR (0.02, 0.2): Trending below price (bullish trend)
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Technical Indicators
1. RSI (Relative Strength Index) - 62.5
Neutral to Bullish: RSI is below overbought (70), indicating more room for upside.
Above 70 = overbought (sell/short zone)
Below 30 = oversold (buy/long zone)
2. Parabolic SAR
SAR dots are below the price candles – signals uptrend.
Indicates continuation of a bullish move unless dots flip above candles.
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Key Levels
Support Zones (Buy/Long Opportunities)
$0.34035: Previous consolidation before breakout.
$0.26310: Former resistance, now support.
$0.12616: Strong historical support (very unlikely to revisit soon unless market collapses).
Resistance Zones (Sell/Short Opportunities)
$0.41760: Local resistance.
$0.47729: 24h high; strong resistance zone.
$0.49485: Psychological level near $0.50
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Trade Setup Recommendations
1. Long Position (Bullish Play)
Entry Zone: $0.340–$0.365
Confirmation: RSI above 55 + SAR dots remain below price.
Targets:
TP1: $0.417
TP2: $0.475+
Stop Loss: Below $0.340 or trailing SAR
2. Short Position (Bearish Play)
Entry Zone: Near $0.475–$0.494 (resistance zone)
Confirmation: RSI over 70 + SAR flips above price candles
Targets:
TP1: $0.417
TP2: $0.340
Stop Loss: Above $0.500
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Strategy Notes
Trend: Currently bullish with potential for continuation.
Volatility: High (24h swing from $0.26 to $0.47).
SAR and RSI support bullish continuation but RSI is nearing$ overbought soon.
Use risk management: avoid overleveraging due to volatility spikes.
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Would you like me to generate a detailed trading plan table or analyze other time frames (1h, 1d)?
$busdt