Parti / USDT Technical Analysis & Setup 📊
Current Price: $0.0994
**Trend Context:** Trading near key moving averages on the 4H chart. MA(7) at $0.1004, MA(25) at $0.0999. Price is currently consolidating between support and resistance.
Key Levels:
· Resistance: $0.1021 (24H High) / $0.1032 (Local High)
· Support: $0.0953 / $0.0927
· Volume Profile: Declining volume near MA(5), suggesting consolidation before potential breakout.
Trade Idea (4H Timeframe):
· Entry Zone: $0.0970 – $0.0990
· Stop Loss: $0.0915 (below recent low & strong support)
· Take Profit 1: $0.1020
· Take Profit 2: $0.1050
· Take Profit 3: $0.1100 (if momentum and volume confirm)
Rationale:
Price is testing the MA(25) as immediate support. A bounce from this zone with increasing volume could push price toward the 24H high and beyond. SL placed below structure to avoid false breakdowns.
Disclaimer: This is not financial advice. Always do your own research and manage risk accordingly.
