The overall trend is bullish, but a short-term pullback or consolidation might occur due to overbought conditions. Short Position Setup (Bearish): 1. Entry 1: Near resistance at 0.28940. SL: 0.29300 (above resistance level). TP1: 0.27300 (near EMA(9)). TP2: 0.26575 (support level). TP3: 0.23473 (EMA(21)).
The chart shows a parabolic uptrend with strong bullish momentum, as indicated by a massive price breakout and a sharp increase in trading volume. The current price action is likely to attract both trend followers and short-term profit takers. Possible Positions: 1. Long Position: Enter above $4.14 with a target of $4.55–$4.75. Stop loss at $3.85 to protect against sudden retracement. 2. Short Position: Enter below $3.85 with a target of $3.20–$3.00. Stop loss at $4.15 to avoid being caught in a
1. Strong Bullish Momentum: The price has surged significantly, with a 27.04% increase within the displayed timeframe. A notable spike in trading volume accompanies the price surge, indicating strong buying pressure. 2. Key Levels: Resistance: Around 0.0058756 (24h High). Support: Around 0.0040100 (24h Low). 3. Exponential Moving Averages (EMA): EMA(9) and EMA(21) indicate a strong upward trend as the price is trading significantly above both EMAs. These moving averages are sharply