Looking at the $H USDT chart, the price has surged by 20.98%, currently at 0.16466, after bouncing strongly from the low of 0.13516. The price is now near the 24h high of 0.16982, which could act as a key resistance level.
Entry Points:
If you're looking to jump in, entering around 0.16466 could work if you think it’ll break through the 0.16982 resistance. However, if you prefer a safer entry, waiting for a pullback to around 0.15240 (support area) could give a better chance for a lower-risk entry.
Stop Loss:
Set your stop loss just below 0.15240, around 0.14800, to protect yourself if the price pulls back sharply.
Take-Profit Levels:
1. The first target could be the 24h high of 0.16982, as it might face resistance here.
2. The next level could be 0.17495, slightly above the current high.
3. If the trend continues strong, you could target 0.18000 as the next major resistance level.
Should You Buy?
The chart shows strong upward momentum, so buying around 0.16466 could be good if you're confident it will break through the resistance. However, keep an eye on 0.16982, as it’s a key resistance point. If you're more cautious, waiting for a pullback to 0.15240 for a safer entry would be a good strategy. If it breaks the 0.16982 resistance, there’s room for more upside.
