๐ข
$SSV / $USDT | ๐ข LONG | โญ 61.3%
๐ฏ Target: $3.0525. Will it reach it?
๐ฏ Trading levels:
๐ข Entry: $2.97
๐ Stop Loss: $2.9266
๐ TP1: $3.0525
๐ TP2: $3.1002
๐ Analysis:
The structure of
$SSV shows a positive multi-timeframe alignment, with the bullish trend confirmed from 4h down to 15m. The ADX of 24.37 confirms the start of a trend with moderate strength, while the bullish MACD crossover (indicator that measures price momentum), together with a volume ratio of 1.35x relative to the average, shows clear supply absorption in the support zone near $2.954.
โ๏ธ Risk/Reward: 1:1.9
โฑ๏ธ Timeframe: 1h
๐ Technical confidence: 4/5
The thesis is invalidated if the price breaks the stop loss at $2.9266, invalidating the double bottom structure. The continuation of the upward move depends on volume maintaining its rising trend to break the resistance level at $3.044.
Do you think the current volume will be enough to break the $3.044 resistance?
๐ก This analysis is educational and is not financial advice. Do your own research and decide calmly.
#crypto #SSV #trading #Futures #Bullish