💥SAPIEN/USDT: The growth is accelerating — where are the entry points?
The price of SAPIEN continues to rise confidently: +17.13% over the day, current level — 0.1682. On the hourly chart, the asset has settled above key EMAs, confirming the strength of the trend and buyer interest.
🚨Indicators briefly:
EMA 21/50/99: 0.1493 / 0.1493 / 0.1517 — bullish sentiment.
RSI 14: 70.47 — the market is overbought, a slight correction is possible.
Stoch RSI: 71.99 — overbought condition is increasing.
MACD: 0.0031 — maintains upward momentum.
💰Trading plan (main scenario — long)
The momentum remains strong, so with risk control, the scenario of continued growth is relevant.
🎯Targets:
0.1729 (+4.17%) — nearest resistance.
0.1780 (+5.14%) — a breakout will open the way higher.
0.1840 (+7.31%) — target for impulse extension.
➡️Entry points:
Conservative: 0.1680 — after a local pullback or confirmation.
Aggressive: market entry at 0.1682 — anticipating a quick breakout.
⛔️Stop-loss:
Below 0.1650, to minimize risk in case of a pullback after the indicators are overbought.
Conclusion: the trend remains strong, but considering the overbought condition, it is advisable to act cautiously and monitor volume dynamics.
Spot trading 👉$SAPIEN
Futures 👇
