$VIB
VIB/USDT Technical Analysis ā 23 Dec 2024 šš
š° Current Price: $0.13759 (+31.87%)
š 24H High/Low: $0.15252 / $0.09392
š 24H Volume: 303.75M VIB ($39.68M USDT)
š Market Overview
VIB/USDT is showing remarkable bullish momentum with a +31.87% gain over the last 24 hours. The price has approached its 24h high of $0.15252, with strong buying interest driving the market. Indicators such as SAR and MACD align with the bullish trend, but traders should watch for pullbacks at resistance levels.
šÆ Key Targets
1ļøā£ Target 1: $0.15000
Why: The psychological round figure near the 24h high ($0.15252) is a critical resistance level. Breaking this could confirm the next leg upward.
š„ Action: Monitor Bollinger Band expansion and volume for breakout confirmation.
2ļøā£ Target 2: $0.17500
Why: A Fibonacci extension target and short-term resistance. Sustaining above $0.15000 could drive the price to $0.17500.
š Action: Use EMA alignment and MACD bullish crossovers to validate momentum.
3ļøā£ Target 3: $0.20000
Why: A significant psychological and long-term resistance level. Breaking $0.17500 could set the stage for $0.20000.
ā” Action: Confirm strong volume and positive sentiment before targeting $0.20000.
š Indicators to Watch
SAR (Stop and Reverse): Current SAR at $0.06501 provides a strong base for the bullish trend.
š Bollinger Bands: Price near the upper band suggests potential for a breakout or short-term retracement.
š MACD: Sustained bullish crossovers will strengthen the case for upward continuation.
šÆ Trading Strategy
1. š Support Levels: $0.12500 (minor support) and $0.09392 (24h low) for managing risk.
2. š Momentum Play: Enter on confirmed breakout above $0.15000 or after a pullback to $0.12500. Place a stop-loss below $0.12000.
3. šø Profit Booking: Scale out at $0.17500 and $0.20000 while employing a trailing stop-loss to secure gains.
š¹ Ride the bullish wave with VIB/USDT and trade confidently on Binance! šš