$DF Complete Trading Setup 🚨🚨🚨🚨🚨
✔️Support and Resistance Levels
✔️Immediate Resistance: $0.13286 (recent swing high on the chart).
✔️Immediate Support: $0.09401 (recent low after a pullback).
✔️Strong Support Zone: Around $0.07601 (previous consolidation area before the upward move).
🚨Entry Points🚨
✔️Short Position
⬆️Entry: Around $0.11486 (if the price faces rejection below this resistance zone).
🎯Target: $0.09401 (previous support level).
🌟Stop Loss: Above $0.13286 (swing high).
⬆️⬆️Long Position
✔️Entry: Around $0.09401 (buy near support for a potential bounce).
🎯Target: $0.11486 (next resistance level).
🌟Stop Loss: Below $0.090 (to account for false breakdowns).
🚨🚨Market Insights🚨🚨
🎉Trend: The market shows a sharp bullish rally followed by a correction. This indicates strong buying interest, but the correction suggests some profit-taking.
🌟Volume: High trading volume in the 24-hour period (67M USDT) supports the recent price surge.
🚨Indicators:
RSI: Likely overbought earlier but may now be cooling off, signaling a consolidation phase.
MACD: Look for a crossover to confirm momentum direction (not clearly visible in the image).
BOLL: If the price is near the upper band, it suggests potential resistance; near the lower band, potential support.
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Strategy
For a conservative approach, wait for a breakout above $0.13286 (resistance) for a potential continuation of the uptrend.
If the price breaks below $0.09401, prepare for a potential bearish trend and look for support near $0.07601.