📢 $SMCIB / $USDT | 🟢 LONG | ⭐ 79.8%
🎯 Objective: $38.105. Does it achieve it?
🎯 Trading levels:
🟢 Entry: $36.41
🛑 Stop Loss: $35.393
🏁 TP1: $38.105
🏁 TP2: $38.444
🏁 TP3: $39.122
📈 Analysis:
$SMCIB shows a bullish alignment across all timeframes with a confirmed triple-bottom structure and a 3.4x increase in volume, which validates institutional activity. The ADX at 49.65 indicates a trend with considerable strength, while the MACD shows a bullish crossover and the RSI at 78.49 confirms strong momentum despite technical overbought conditions. Price remains trading above the POC (point of highest traded volume) at $34.3925, which favors the continuation of the upward move.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if the price loses the stop-loss level at $35.393, invalidating the current structure of higher highs. It’s essential to watch that volume remains constant during the move toward the first target to confirm the definitive breakout.
Do you think the current volume is enough to overcome the immediate resistance?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #SMCIB #trading #Futures #Bullish
🎯 Objective: $38.105. Does it achieve it?
🎯 Trading levels:
🟢 Entry: $36.41
🛑 Stop Loss: $35.393
🏁 TP1: $38.105
🏁 TP2: $38.444
🏁 TP3: $39.122
📈 Analysis:
$SMCIB shows a bullish alignment across all timeframes with a confirmed triple-bottom structure and a 3.4x increase in volume, which validates institutional activity. The ADX at 49.65 indicates a trend with considerable strength, while the MACD shows a bullish crossover and the RSI at 78.49 confirms strong momentum despite technical overbought conditions. Price remains trading above the POC (point of highest traded volume) at $34.3925, which favors the continuation of the upward move.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The thesis is invalidated if the price loses the stop-loss level at $35.393, invalidating the current structure of higher highs. It’s essential to watch that volume remains constant during the move toward the first target to confirm the definitive breakout.
Do you think the current volume is enough to overcome the immediate resistance?
💡 This analysis is for educational purposes and not financial advice. Do your own research and decide calmly.
#crypto #SMCIB #trading #Futures #Bullish