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Current situation:
• Current price: $1.5865
• Ichimoku Cloud:
o Upper limit: $1.8507 (key resistance).
o Lower limit: $1.4793 (bulls' interest zone).
• MOTHER:
o 20 EMA: $1.4728 (major short-term support).
o 50 EMA: $1.7782 (resistance zone).
• Volume: $11.63M (moderate, indicates a correction).
• RSI: 53.74 (in neutral zone, bullish momentum persists).
• OBV: 275.03M (recovery after consolidation).
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Key support and resistance levels:
Support:
1. $1.5763 – $1.5178: key support area (0.5 and 0.62 Fibonacci).
2. $1.4764: support at 0.705 Fibonacci level and EMA 20.
3. $1.3326: zone 1.0 Fibonacci (main level during correction).
4. $1.0314: 1.618 Fibonacci extension (target in bearish scenario).
Resistance:
1. $1.7782 – $1.8507: EMA 50 resistance/Ichimoku cloud.
2. $1.9516: level -0.27 Fibonacci, nearest target for growth.
3. $2.1222: level -0.62 Fibonacci, key target in bullish scenario.
4. $2.3074: level -1.0 Fibonacci (long-term target).
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Volume profiles:
• Support:
o $1.476 – $1.517: significant volume concentration (buyer's interest zone).
o $1.332: deep support during correction.
• Resistance:
o $1.778 – $1.850: resistance zone with moderate volumes.
o $1.951 – $2.122: area of further growth if the current structure is broken.
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Scenarios of events:
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Long scenario (65% probability):
• Conditions:
o Stabilization above $1.5763 (0.5 Fibonacci).
o RSI above 55, increasing volumes.
o Break of $1.7782 – $1.8507 with stabilization above.
• Entry points:
1. $1.576 – $1.586: entry on bounce from current support zone.
2. $1.476 – $1.517: additional entry point during correction.
• Targets:
0. $1.951: first target (-0.27 Fibonacci).
1. $2.122: second target (-0.62 Fibonacci).
2. $2.307: long-term target (-1.0 Fibonacci).
• Stop-loss: below $1.472.
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Short scenario (35% probability):
• Conditions:
o Break of $1.4764 with stabilization below.
o RSI drops below 45, increasing selling volumes.
• Entry points:
1. $1.778 – $1.850: entry on retest of resistance.
2. $1.476: entry after breaking support.
• Targets:
0. $1.332: first target (1.0 Fibonacci).
1. $1.031: second target (1.618 Fibonacci extension).
• Stop-loss: above $1.517.
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Probability coefficients:
• Long: 65% (against the backdrop of breaking the descending triangle formation).
• Short: 35% (upon breaking $1.4764 down).
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Recommendations:
1. For long: wait for the price to stabilize above $1.576 – $1.586.
2. For short: consider positions below $1.476 with a target at $1.332.
3. Monitor RSI dynamics and volumes for momentum confirmation. #the
