### Key Observations
1. Current Price: $1.9480 with a 1.34% drop.
2. 24-Hour Range: High of $2.1099 and Low of $1.9160, suggesting a volatile market.
3. Moving Averages (MA):
- MA60 (1-Hour): 1.9525, acting as a resistance level.
- MA5 and MA10 (Volume): Showing volume trends; high activity in recent candles.
4. Volume Analysis: High volume during price dips could indicate increased selling pressure or large trades.
### Suggested Strategy
Based on the current technicals, here is a potential trading plan:
#### For a Long Position
1. Entry: Look for a breakout above $1.95 - $1.96, ideally with increased volume.
2. Target Price (TP): Set an initial TP at $2.10 (recent high) and adjust based on momentum.
3. Stop-Loss (SL): Place an SL slightly below the recent low at $1.91.
4. Trade Duration: Short to mid-term (15 minutes to a few hours), as the market shows volatility.
#### For a Short Position
1. Entry: Consider entry if the price breaks below $1.91 with significant volume.
2. Target Price (TP): Set an initial TP at around $1.85 to capture a potential further drop.
3. Stop-Loss (SL): Place SL just above the $1.96 resistance area.
4. Trade Duration: Short-term (15 minutes to 1 hour), given quick price movements.
### If the Trade Goes Against You
- Long Position: If price falls below $1.91, close the position and reassess for a short entry.
- Short Position: If price rises above $1.96, close the position and consider entering a long.
### Additional Tips
1. Monitor Moving Averages: If price crosses above MA60 with high volume, it may signal a bullish trend.
2. Watch for Volume Spikes: Sudden increases in volume could indicate breakouts or breakdowns, confirming entry or exit signals.
3. Set Alerts: Use alerts to get notified of critical price levels to react promptly.
