$SENT
$SENT/USDT Analysis: Is a Breakout Imminent? đ
âTechnical Breakdown:
Looking at the 1H Chart, $SENT is showing signs of a solid recovery after testing the local bottom. Hereâs why this setup looks interesting for a potential trade:
âPrice Action: The price has successfully reclaimed the Middle Bollinger Band (MB: 0.02296). Trading above this level usually signals a shift from bearish to bullish momentum.
âMACD Signal: We are seeing a positive crossover. The MACD histogram is turning green, indicating that buying pressure is building up.
âRSI Momentum: The RSI (10) is currently at 64.47. While it's approaching the overbought zone, there is still room for a push toward the upper resistance before a cooling-off period.
âVolume: We see steady green volume bars, suggesting that bulls are stepping in at the current levels.
âđŻ Trading Plan:
âEntry Zone: $0.02350 - $0.02387
âTarget 1: $0.02401 (Upper Bollinger Band)
âTarget 2: $0.02510 (24h High Resistance)
âStop Loss (SL): $0.02200 (Below recent support)
âRisk Note: Always manage your risk. Crypto markets are volatile. Ensure you use a Stop Loss to protect your capital. DYOR (Do Your Own Research).
â#SENT #CryptoAnalysis #TradingSignals #BinanceSquare #Altcoins #Bullish