đą$ADX/USDT POTENTIAL LONG TRADE SIGNAL â Initial Target $0.1100 đ
ADX/USDT is currently trading around $0.1091 after a significant surge. It's currently testing the upper Bollinger Band (around $0.1105). The RSI (14) is very high at 79.19, indicating overbought conditions, which warrants caution. However, strong momentum can sometimes push through overbought levels. If the price manages to break and hold above the upper Bollinger Band, the initial target would be around the $0.1100 level, potentially extending further.
Trade Setup (High Risk due to Overbought RSI):
âą Entry Zone: $0.1085 - $0.1095 (Consider a smaller position size due to risk)
âą Initial Target (TP1): $0.1100 â
âą Potential Further Target (TP2): $0.1120 đŻ
âą Stop-Loss: Below $0.1060 đ
Caution: The overbought RSI suggests a higher risk of a pullback. Only consider this trade if you are comfortable with this risk and see strong continued buying volume. A break below the middle Bollinger Band (around $0.0991) would invalidate this bullish scenario.
Disclaimer: DYOR and NFA.
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