General trend:
Observing the candlesticks, the current structure shows a consolidation phase after a prolonged bullish movement. The last red candle indicates a possible correction.
Identified trend: Bullish in consolidation. This is supported by previous behavior, although there are signs of temporary exhaustion.
2. Technical indicators:
Bollinger Bands (BB):
The current price is touching the middle band, suggesting it could act as dynamic support. If it breaks down, the lower band (~0.2720) would be the next key level.
EMA9 (9-period exponential moving average):
The price is slightly below this line (~0.2871), indicating possible short-term bearish pressure.
RSI (Relative Strength Index):
Current level: 49.44. In neutral territory, but slightly tilted down, indicating that there is still no oversold or overbought condition.
Stoch RSI:
Crossing down in the middle zone. Could confirm more short-term bearish pressure.
MACD:
Negative signal: the recent crossover indicates a loss of bullish momentum. The signal line and the MACD are in negative territory.
Volume:
Significant decrease compared to previous days, indicating less interest or indecision in the market.
3. Key levels identified:
Resistances:
0.2883 (previous rejection level).
0.2990 (psychological level and upper Bollinger band).
Supports:
0.2760 (recent low).
0.2720 (lower Bollinger band).
Liquidation map (Coinglass).
1. High liquidation zones:
There is significant accumulation of orders between 0.2930 and 0.3000, confirming a strong resistance area. If the price rises towards this zone, it could trigger a cascade of liquidations and a rapid movement.
At the bottom, interest is observed in the 0.2700 - 0.2750 zone, which could act as important support due to the stacking of long orders.
2. Interpretation:
The liquidation map indicates that traders are mostly positioned in defined ranges, suggesting that a breakout outside these levels could trigger abrupt movements.
Trading simulation:
Short term (Scalping, horizon: 1 day)
Entry: 0.2780 (near dynamic and previous support).
Take Profit (TP): 0.2860 (middle Bollinger band and local resistance).
Stop Loss (SL): 0.2730 (below the recent low).
Risk/Reward (R:R): 1:2.
Fundament: Take advantage of a technical bounce at immediate support.
Medium term (Horizon: 2-4 days)
Entry: 0.2750 (waiting for a drop to the lower Bollinger band).
TP: 0.2930 (resistance on the liquidation map).
SL: 0.2690 (invalidating zone if strong support is lost).
R:R: 1:3.
Fundament: Operate the identified range between key support and resistance.
Conclusion:
Trend: Bullish with short-term consolidation.
Operational plan: Well-defined scenarios for different time horizons, based on technical levels and liquidation data.
Recommendation: Manage risks by adjusting SL based on market evolution and monitor critical zones such as 0.2750 and 0.2930.
