$THE Market Assessment

General Assessment: Prices are experiencing strong growth, but attention must be paid to selling pressure.

Detailed Analysis:

Current Price: 1.6451, up 19.07% in 24h.

Recent Fluctuations: Price peaked at 1.8200 before adjusting to the support level of 1.6400.

Resistance - Support:

Resistance: 1.8000, followed by 1.8500.

Support: 1.6000, followed by 1.5000.

Technical Indicators:

RSI: 37.90, showing a bearish divergence signal but not yet clear.

MACD: The MACD line is crossing below the signal line, warning of potential short-term price decline.

Trading Strategy:

Entry Point: Buy around 1.6400 if the price maintains the support level.

Take Profit: Target 1.8000 - 1.8500.

Stop Loss: Below 1.6000 to limit risk.

Note: Monitor trading volume and indicators to confirm the trend.

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