$CYBER $CYBER $CYBER
CYBER/USDT Technical Analysis: Bullish Momentum Continues
The CYBER/USDT pair has been on a strong bullish run, and the recent price action suggests that the uptrend is likely to continue. Let's break down the key levels and potential entry strategies:
Support:
* Immediate Support: The 24-hour low of 2.641 is a crucial support level. A break below this level could signal a temporary pullback or potential reversal.
* Stronger Support: The 2.628 level, which coincides with the lower Bollinger Band, provides additional support.
Resistance:
* Immediate Resistance: The 24-hour high of 2.896 is the initial resistance level. Breaking above this level could open the door to further upside potential.
* Stronger Resistance: The 2.909 level, which coincides with the upper Bollinger Band, is a significant resistance level.
Entry Strategy:
For conservative traders, waiting for a pullback to the 2.641 or 2.628 support levels could be a good entry point with a stop-loss below the respective support level.
Aggressive traders could consider a breakout strategy. If the price breaks above the 2.896 resistance level, it could signal a continuation of the uptrend. A stop-loss can be placed below the 2.896 level in this case.
Additional Considerations:
* Volume: The 24-hour volume of 848,277.21 CYBER indicates strong buying interest.
* RSI: The Relative Strength Index (RSI) is currently above 70, suggesting overbought conditions. However, the RSI is still trending upwards, indicating continued bullish momentum.
#USJoblessClaimsDip #BTCETFDemandSurge #BTC67KRebound #CryptoPreUSElection #Write2Earn!