"OBSERVATIONS"
1. Price Surge: The price has risen significantly (+2927.20%), indicating a massive pump. Such movements often attract volatility.
2. 24H Range: The price fluctuated between $0.0125 (low) and $0.4780 (high), demonstrating high volatility.
3. MACD & Volume:
Volume shows a sharp increase, suggesting high trading activity and interest.
The MACD is visible but requires more details for precise analysis.
"KEY 🗝️ LEVELS"
Support Levels: $0.3381 and $0.0125 (based on recent price movements).
Resistance Levels: $0.3800 and $0.4780 (upper bounds of the pump).
"TRADING PLAN"
1. Long Trade Setup:
Entry Point: Around the nearest support at $0.3381 (wait for a confirmed bounce with high volume).
Stop Loss: Place below $0.3280 (to limit losses if the price drops below support).
Take Profit:
TP1: $0.3800 (first resistance zone).
TP2: $0.4700 (near recent high).
Risk-Reward: Ensure at least a 1:2 risk-reward ratio.
2. Short Trade Setup:
Entry Point: Around the nearest resistance at $0.3800 or $0.4700 (if price tests these zones with rejection signals like wicks or low volume).
Stop Loss: Above $0.4900.
Take Profit:
TP1: $0.3400 (support zone).
TP2: $0.2500 (midpoint retracement).
"CONTINGENCY PLANS"
Plan A: If price consolidates around $0.3700-$0.3800, wait for a breakout. Enter based on volume direction.
Plan B: If the price breaks below $0.3381, avoid long trades and look for fresh support around $0.2500.
Plan C: If price forms a lower high on smaller timeframes, expect a downtrend to develop.
Plan D: For extended rallies, use trailing stop-loss to lock in profits as the price moves upward.
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TOOLS FOR THE CONFIRMATION!!!
1. RSI: Check for overbought/oversold conditions to avoid entering at extremes.
2. Volume: Ensure volume aligns with breakouts/bounces.
3. Moving Averages: Use MA20 or MA60 to identify trends.
Let me know if you’d like additional insights or a strategy refinement.
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