$AKRO USDT Trade Signal (1H Timeframe)
- Current Price: 0.004228 USDT
- Trend: Bullish breakout from descending wedge pattern
Trade Setup:
Entry Zone:
- Buy at 0.004100 - 0.004250 USDT (Price is attempting a breakout; early entry for aggressive traders).
Targets:
- Target 1: 0.004443 USDT (Short-term resistance)
- Target 2: 0.004628 USDT (Next key resistance)
- Target 3: 0.004988 USDT (Major resistance from Fibonacci levels)
Stop Loss:
- SL: 0.003940 USDT (Below recent support, ensuring risk management)
Indicators:
- RSI: Currently near overbought zone (~70), indicating potential further upside momentum.
- Breakout Confirmation: Watch for volume spikes and candle close above 0.004332 USDT to confirm strength.
Risk/Reward:
- RR for Target 1: ~2:1
- RR for Target 2: ~3:1
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Watchlist: If price retraces, accumulation near 0.0041 USDT could offer a favorable risk/reward setup for swing traders.
