Current trend: Short-term downtrend, potential for reversal soon
Support levels: $0.00075, $0.0007
Resistance levels: $0.0008, $0.00085
Consider buying at support levels ($0.00075 or $0.0007)
Wait for a bullish reversal pattern (e.g., double bottom, bullish engulfing)
Set take-profit orders near resistance levels ($0.0008 or $0.00085) continues if btc will rising as well
Use trailing stop-loss to protect gains
Risk management:
Set stop-loss orders below $0.0007 to limit potential losses
Don't risk more than 1-2% of your trading capital on this position
Volume analysis:
Look for increasing volume on bullish moves as confirmation
Timeframes:
Use 1-hour and 4-hour charts for entry and exit decisions
Monitor daily chart for overall trend
