Technical Analysis of Coins
The current analysis focuses on the performance of $KEY/USDT. In this recent market movement, $KEY exhibited a notable surge, capturing the attention of short-term traders and investors.
$KEY /USDT:
History & Progress:
$KEY is known for being a low-cap asset often attracting speculative interest during short bursts of volume. Historically, it has experienced sharp rallies followed by quick corrections. Today’s action shows a breakout attempt, with a +14.72% gain within 24 hours.
Short Trade Signals:
Entry Point: $0.00447
Target: $0.00385 for a reversal trade
Traders could look for a quick profit-taking opportunity if the coin retraces to previous support levels around $0.00385, ensuring a tight stop loss near $0.0045.
Long Trade Signals:
Entry Point: $0.00450 (if retested)
Target: $0.00480
A sustained breakout beyond $0.00450 could drive the price toward $0.00480, with potential profit zones aligning with high liquidity. Traders should trail stops to lock in profits as the asset approaches resistance levels.
