Technical analysis by mbaberhanif about Symbol SAGA: Buy recommendation (5/29/2025)
https://sahmeto.com/message/3562386

mbaberhanif
Rank: 34919
Analytical Power:
0.5
SAGA | Inverse Head & Shoulder
:Buy
Price at Publish Time:
$0.36794
Profit Target:
(+125.58%)$0.83
Stop Loss Price:
(-7.59%)$0.34

On the daily timeframe, SAGA/USDT is presenting a bullish reversal pattern in the form of an Inverse Head and Shoulders, further validating the its high green volumes. This is a classic technical signal that often precedes a significant trend reversal, especially after a prolonged downtrend like the one SAGA has experienced. What makes this setup compelling is that the neckline—around the $0.43–$0.45 region—is being tested. A successful breakout above this resistance would confirm the pattern and potentially trigger a strong bullish move. The height of the pattern projects a measured move toward the $0.80–$0.83 range.
Source Message: TradingView