$SAGA
SAGA/USDT 1H - Tight Range, Breakout Loading?
SAGA is trading in a clear range. Price is currently at 0.02688 right near the lower support around 0.02610. Upper resistance is around 0.02780.
What I like is the volume story. 24h volume is huge - 297M SAGA / $8.03M USDT, but on the 1H chart volume is drying up. Last candle volume only 6.63M vs MA(5) 8.7M and MA(10) 10M. That means sellers are getting weak at support.
We saw a fakeout to $0.02880 and a wick to $0.02506 yesterday, both got sold/bought quickly. Market is compressing between the red and blue lines.
Looking for longs as long as $0.02610 holds.
Entry: $0.02650 - $0.02688
SL: $0.02590
TP1: $0.02770
TP2: $0.02860
Low volume near support often leads to a sharp move. Keep it on watchlist.
Not financial advice.
#SAGA #SAGAUSDT
SAGA/USDT 1H - Tight Range, Breakout Loading?
SAGA is trading in a clear range. Price is currently at 0.02688 right near the lower support around 0.02610. Upper resistance is around 0.02780.
What I like is the volume story. 24h volume is huge - 297M SAGA / $8.03M USDT, but on the 1H chart volume is drying up. Last candle volume only 6.63M vs MA(5) 8.7M and MA(10) 10M. That means sellers are getting weak at support.
We saw a fakeout to $0.02880 and a wick to $0.02506 yesterday, both got sold/bought quickly. Market is compressing between the red and blue lines.
Looking for longs as long as $0.02610 holds.
Entry: $0.02650 - $0.02688
SL: $0.02590
TP1: $0.02770
TP2: $0.02860
Low volume near support often leads to a sharp move. Keep it on watchlist.
Not financial advice.
#SAGA #SAGAUSDT
