Current Price: $0.01904
Key Technical Levels
Support: $0.01850 (Critical safety zone)
Resistance:
$0.02000 (Initial hurdle)
$0.02200 (Major breakout level)
Strategic Trade Setup
Optimal Entry: $0.01890 - $0.01950
Target Levels:
Target 1: $0.02000
Target 2: $0.02200
Stop Loss: $0.01850 (Risk management strategy)
Technical Indicators & Market Outlook
RSI: Trending upward, indicating increasing bullish momentum.
MACD: Approaching a bullish crossover, signaling potential upward movement.
Moving Averages: Price action remains above key levels, suggesting continued strength.
Breakout Potential & Risk Management
A confirmed breakout above $0.01950 with strong volume could accelerate the price towards $0.02000 and beyond. Traders should monitor for sustained buying pressure and adjust stop-loss levels accordingly.
If $0.02200 is decisively breached, the next potential target is $0.02500, reflecting significant upside potential.
Trade Responsibly – Market conditions can change rapidly. Implement risk management strategies to protect capital.