Long Opportunity for SAGA/USDT Based on Volume Profile Analysis

Overview:
This trade idea focuses on a long position for SAGA/USDT using volume profile analysis to identify key support and resistance levels. The setup involves entering the trade in the support zone and targeting higher resistance levels.

Volume Profile Analysis:
The volume profile indicates significant trading activity around the $1.22 - $1.40 zone, which suggests this as a strong support area. This provides a good entry point for a long position.

Trade Setup:

Entry: Long position between $1.22 and $1.40
Stop Loss: Set at $1.20 to manage risk below the support zone.
First Resistance/Target: $1.53, identified as the first significant resistance level.
Strategy if First Target is Broken: If the price breaks above $1.53, consider opening an additional long position and move the stop loss to $1.53 to protect the trade.
Final Take Profit: $2.15, which is the ultimate profit target based on higher volume nodes and previous price action.
Indicators:
RSI: Currently showing bullish signals, indicating potential for upward momentum.
ADX: Confirming a strong trend, supporting the long trade setup.
Conclusion:
This trade setup leverages volume profile analysis to identify high-probability entry and exit points. Proper risk management is emphasized with clearly defined stop loss and profit targets.