Overall background and price dynamics

The coin is relatively new, with only a few candles on the daily chart (D1). This indicates that there are almost no global support/resistance levels, and volatility may be high.

The current movement is rather downward: the price has dropped from ~0.29 to ~0.21, and on 15m/1h charts, most local peaks are consistently lower than the previous ones.

Indicators:

- Stoch RSI on 15m/1h is fluctuating in the range of 40–70, with no global overbought or oversold conditions; rather, it's in the 'average zone'.

- MACD on small timeframes is around the zero line (DIF ≈ 0, DEA ≈ 0), indicating a flat movement with a slight downward bias.

- Volumes (Vol) on daily charts increased in the first days of listing, but are no longer as extreme; however, sharp spikes are possible at any moment.

In summary: the structure looks more like a downward trend, but there has not yet been a definitive strong drop — the price is consolidating around 0.21–0.22.

Possible trading scenarios

Scenario A: Long 'on the bounce' when holding 0.21

  • Entry point: if the price touches the zone of ~0.215–0.21 again and starts showing reversal candles (bullish patterns on 5m/15m), one can try to enter long.

  • Stop-loss: below the local minimum (say, 0.205 or 0.20). If the price goes there, it means the 'bounce' didn't work out.

  • Targets (take-profit):

    1. ~0.23–0.24 (the coin has turned down multiple times there)

    2. In case of a strong impulse - ~0.26–0.27, but it's better to close part of the position earlier and move the stop to breakeven.

Scenario B: Continuation of the decline and short when returning to resistance

  • Entry level for short: Area 0.23–0.24, if the price rises there but cannot hold above. In this case, it will be a test of the broken support (now resistance) from below.

  • Stop-loss: above 0.245–0.25, to avoid being taken out by ordinary 'noise'.

  • Targets (take-profit): To the zones of 0.21–0.20. If the bearish trend strengthens, deeper targets (below 0.20) can be expected, but it's wise to secure part of the profit earlier.