🟢 $SAPIEN
| Short-Term Bullish Setup 📊
I’m seeing $SAPIEN showing strong short-term bullish momentum on the 4H chart. EMA20 is above EMA50, RSI sits at 62, MACD is above the signal line with an increasing histogram, and trading volume is 20% above the 24h average. The price recently broke out of a Bollinger Band squeeze, suggesting expanding volatility, while Stochastic %K is rising from oversold territory. Key support holds at $0.145, and the Ichimoku cloud and PSAR indicate bullish conditions. Overall, 68% of indicators favor a short-term upward move toward resistance.
Trade Setup (Long):
Entry Zone: $0.1475 (near current support and momentum base)
Take Profit:
TP1: $0.160
Stop Loss: $0.141
Why this works: I’m entering near a strong support zone confirmed by multiple technical indicators. EMA, RSI, MACD, and Stochastic all suggest the trend favors buyers. The breakout from the Bollinger Band squeeze increases the chance of a volatility-driven move. TP1 aligns with the next key resistance, while the stop at $0.141 protects against a breakdown below support.
Market Insight:
Trend: Short-term bullish
Strong momentum confirmed by multiple indicators
Volume and volatility support continuation
Watch price reaction near entry to confirm strength
I’m monitoring $SAPIEN closely and will take a position only if support holds and bullish momentum continues.
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