$TST đ TST/USDT Trade Analysis & Strategy đđ„
đč Trend Confirmation:
The 4H timeframe shows TST/USDT attempting to break a resistance level while holding support around $0.0605.
Bollinger Bands indicate moderate volatility, with price moving towards the upper bandâa potential bullish breakout.
Stochastic RSI is in the overbought zone (91.22, 84.45), suggesting a pullback might occur before further upside.
đ Trade Strategy - Long Position:
Entry: $0.0605 - $0.0614
Target 1: $0.0649
Target 2: $0.0764
Stop Loss: $0.0588
Risk-Reward Ratio: 1:3 (High Probability Setup)
đ Technical Analysis:
Moving Averages (EMA 20/50/100/200): Price is above key short-term EMAs, indicating bullish momentum.
Volume Profile: Higher buying activity around $0.0610, showing strong accumulation.
đ Chart Pattern Analysis:
Potential bullish flag pattern forming, signaling a continuation of the uptrend.
If price breaks above $0.0646, expect further upside momentum.
âł Trade Duration:
Short-term (1-3 days) for Target 1.
Mid-term (3-5 days) for Target 2.
đŁ Community Discussion:
Traders are eyeing $0.0649 as the next resistance breakout level.
Some concerns on the Stoch RSI overbought zone, so a slight correction might occur before the next move.
â Disclaimer: This is not financial advice. Please do your own research before investing. Trade responsibly! đđ
