$1MBABYDOGE HEY SARDINHA PAY ATTENTION THIS SHIT IS LONG TERM!!!
To identify entry and exit points on the provided chart, consider the following aspects based on technical analysis:
1. Support and Resistance:
• Support: The 24h minimum price is 0.0030223, which can act as immediate support.
• Resistance: The recent maximum is at 0.0032306, representing the current resistance.
2. Moving Averages (MA):
• The 8, 20, 50, and 100 period moving averages (MA) indicate that the price is below most of them, which suggests a downtrend.
• For a possible trade, wait for the price to break above the 20 and 50 period MA as a reversal signal. 3. Technical Indicators:
• MACD: It is close to 0 and negative, indicating a lack of buying strength. Wait for a positive crossover to confirm entry.
• RSI: Around 43-44, close to neutral zone. If it drops to 30, it may indicate oversold, suggesting a buying opportunity.
• Stochastic: It is at 65, indicating a slight uptrend. Confirm before opening a position.
4. Volume:
• Recent volume suggests low interest in the trade. Wait for an increase in volume to confirm the move.
Trade Recommendations:
Entry Point:
• Buy: If the price breaks above 0.0031468 (20-period MA) with increasing volume, and the RSI shows a recovery above 50.
• Add stop loss below 0.0030223 (recent low).
Exit Point:
• Sell: Near 0.0032306 (resistance).
• If you are aiming for larger targets, adjust stops progressively.