📢
$ID / $USDT | 🟢 LONG | ⭐ 71.9%
🎯 Objective: $0.03468. Does it achieve it?
🎯 Trading levels:
🟢 Entry: $0.03318
🛑 Stop Loss: $0.03228
🏁 TP1: $0.03468
🏁 TP2: $0.03498
🏁 TP3: $0.03558
📈 Analysis:
$ID / $USDT shows a bullish alignment across all timeframes, supported by the confirmed breakout of a double-bottom pattern and an inverted head-and-shoulders formation. The ADX at 29.77 indicates a solid developing trend, while the RSI at 65.71 and the bullish MACD crossover (trend momentum indicator) confirm buying pressure over the VAH (volume profile high).
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The structure remains validated as long as the price does not break through the immediate support at $0.03153, invalidating our bullish continuation thesis. It is essential to watch for an increase in relative volume, which currently stands at 1.39x versus the average, to confirm the breakout above resistance at $0.03471.
Do you think the current volume is enough to break through the $0.03471 resistance in the short term?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
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