🔔 JASMY/USDT 🎯
Based on the data shown in this images, here’s a summarized analysis of the cryptocurrency, its expected direction, and a strategy with entry and exit points and stop-losses.
◻️General :
• Current Price: $0.028845, down by 2.20%.
• Trading Volume: The 9-day SMA is 120.826 million, with a recent increase in trading volume.
• Cumulative Volume Delta (CVD): Continually decreasing, indicating significant selling pressure (current value -131.652 billion).
• Aggregated Spot CVD: Reinforces the selling pressure (current value -41.653 billion).
• Funding Rates: The current funding rate is 0.0105, indicating that short-term traders are leaning towards buying.
• Open Interest: Currently 761.106 million, showing an increase in trading interest recently.
• Aggregated Futures Orderbook Liquidity Delta: The current value is 1.492 million, indicating good market liquidity.
◻️Forecast:
• Short-Term: The price is expected to continue falling due to ongoing selling pressure, but the increasing trading volume may indicate an upcoming reversal.
• Long-Term: If the price reaches the buy zone between $0.013112 and $0.019861, a price rebound and value increase are likely if trading volume and interest persist.
◻️Support and Resistance Levels Based on Fibonacci Retracement:
• 23.6%: $0.035208
• 38.2%: $0.029343
• 50%: $0.024602
• 61.8%: $0.019861
• 78.6%: $0.013112
◻️MACD Indicator:
• Signal Line: 0.001327
• MACD Line: -0.000090
• Histogram: -0.001417
• The MACD indicates ongoing selling pressure.
◻️Conclusion:
• Short-Term: The price may continue to decline towards the buy zone between $0.013112 and $0.019861.
• Long-Term: If the buy zone is reached, a price rebound and increase in value are likely.
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Currency selected by @Nam Don
