Technical Analysis Overview
Current Price: 0.7996 (+15.48%)
Key Moving Averages:
MA(7): 0.7798 (Short-term trend indicator)
MA(25): 0.7667 (Medium-term)
MA(99): 0.7169 (Long-term support)
Resistance Level: 0.8058 (Recent high)
Support Level: 0.7054 (Lower consolidation point)
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Indicators Interpretation
1. MACD:
DIF: 0.0127
DEA: 0.0118
Histogram: 0.0008 → Bullish momentum is active but slowing.
2. RSI:
RSI(6): 67.51 → Approaching overbought territory, watch for pullbacks.
3. Volume: Increasing 9.61M → Indicates rising market participation, favoring bullish continuation.
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Trend Prediction
Short-term: Bullish (price above MA7, MA25, and MA99)
Medium-term: Consolidation possible near resistance.
Long-term: Continuation of uptrend if support holds at 0.7054.
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Patterns Found
1. Bullish Flag: Continuation pattern → Bullish bias
2. Ascending Triangle: Breakout above 0.8058 could lead to higher targets.
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Trade Recommendations
Scalping (15-Minute Chart)
Long Entry: 0.7960
Take Profit (TP): 0.8050 (Resistance)
Stop-Loss (SL): 0.7890
Duration: 15–30 minutes
Short Entry (If price rejects resistance): 0.8040
TP: 0.7850
SL: 0.8100
Duration: 15–30 minutes
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Intraday Trading
Long Entry: 0.7920
TP1: 0.8050
TP2: 0.8150
SL: 0.7800
Duration: 4–6 hours
Short Entry: 0.8058 (If rejection occurs)
TP1: 0.7850
TP2: 0.7700
SL: 0.8100
Duration: 4–6 hours
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Long-Term Trading
Long Entry: 0.7500–0.7700 (Near MA25 support)
TP1: 0.8200
TP2: 0.8500
SL: 0.7050
Duration: 3–7 days
Short Entry (Only if price breaks support at 0.7054): 0.7000
TP: 0.6700
SL: 0.7150
Duration: 3–7 days
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Risk Management
1. Position Sizing: Risk no more than 2–3% of your capital on a single trade.
2. Trailing Stop: For long positions, adjust SL to secure profits as price rises.
3. Cut Loss Early: If signals confirm a reversal against your position, close the trade.
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"Are you missing out on this breakout while others profit?"
Disclaimer
This analysis is for educational purposes only and not financial advice. Always conduct your own research and manage risk effectively. Market conditions may change rapidly.
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My Favorable Trade Setup
Long Entry: 0.7920
TP: 0.8050, 0.8150
SL: 0.7800
Duration: Intraday (4–6 hours)
