"FunFair/USDT 4H: Potential Breakout with TP Targets"

11 sie

FUNUSDT

Take Profit (TP) Levels:
TP1: 0.011534 USDT
TP2: 0.010879 USDT
TP3: 0.010419 USDT
TP4: 0.008420 USDT

Stop Loss (SL): Set at 1.272 Fibonacci (likely a typo or misplacement, as it seems unusually high compared to the price range; it might be intended as 0.013428 USDT or another value relative to the entry).
DCA (Dollar Cost Averaging): Marked at 1.135 Fibonacci (again, possibly a typo; likely meant to be 0.012894 USDT or similar).
Price Trend: The price has been in a downtrend until recently, with a noticeable upward movement around the entry point, suggesting a potential reversal or breakout.
Support and Resistance: The entry zone appears near a support level, with resistance levels aligning with the TP targets.

RSI AnalysisThe RSI is currently at 85.11, indicating that the asset is in the overbought territory (above 70). This suggests a strong upward momentum but also a potential for a reversal or pullback soon.
Historically, the RSI has fluctuated between oversold (below 30) and overbought levels, with a recent sharp increase, supporting the price breakout.

InterpretationThe trading strategy seems to be a long position with multiple take-profit levels, aiming to capitalize on a potential upward trend.
The high RSI value suggests caution, as overbought conditions might lead to a correction. Monitoring for bearish reversal signals (e.g., divergence or candlestick patterns) would be prudent.
The SL and DCA levels need clarification, as their current values appear inconsistent with the price scale.

11 sie

Uwaga

TP 1 FILLED

+7.51% PROFIT

11 sie

Zlecenie aktywne

TP 1 & 2 & 3 FILLED

+17.23% PROFIT