### 1. **Current Overview:**
- **Price Movement:** Significant upward movement (68.27% increase), which is an extremely bullish sign.
- **Moving Averages (MA):**
- **MA(5):** 455,290.15
- **MA(10):** 326,035.15
- Short-term moving averages indicate strong upward momentum.
- **MACD:** Slightly bullish as MACD is above the signal line, but the difference is small (0.006 vs 0.004).
- **Volume:** Volume is increasing, confirming the price rise with good liquidity.
### 2. **Long Entry and Exit Points:**
- **Entry Point (Long):**
- **If Conservative:** Wait for a pullback toward the MA(5) or a key support level (possibly around 1.200). Enter only if volume remains high, and the MACD continues to rise.
- **If Aggressive:** Enter now at market price since momentum is strong. Use higher time frames to ensure no bearish divergence.
- **Exit Point (Long):**
- **Take Profit (TP):** Consider setting TP at the next resistance level (possibly around 1.300â1.350) or trailing stop to follow the trend.
- **Stop Loss (SL):** Set SL slightly below the MA(10) (e.g., 1.180â1.190). This prevents getting stopped out in a minor correction but limits losses if the market reverses.
### 3. **Short Entry and Exit Points:**
- **Entry Point (Short):**
- Wait for signs of reversal, such as a bearish divergence in the MACD or a significant drop in volume. A failed test of a higher resistance (e.g., near 1.300) can also be a good short entry.
- **Exit Point (Short):**
- **Take Profit (TP):** You can set TP near the MA(10) or previous support levels (1.200 or lower).
- **Stop Loss (SL):** A conservative SL would be above the recent high (1.280â1.300).
### 4. **Trade Duration:**
- **Long Trade:** Could last a few hours to a few days, depending on the market momentum.
- **Short Trade:** Might be shorter-term (hours) due to the overall strong bullish sentiment, but longer if signs of reversal strengthen.
### 5. **Plan for If the Trade Goes Against You:**
- **Plan A (Short-Term Stop Loss Hit):** If your SL gets hit (e.g., price drops below 1.180), assess whether the market is finding a stronger support below. Consider re-entering long if the price stabilizes.
- **Plan B (Long-Term Market Reversal):** If price moves below key MAs (MA(5), MA(10)), close your positions and wait for market consolidation before re-entering.
- **Plan C (Market Rebounds after Stop):** If the market rebounds strongly after hitting your SL, re-enter but use tighter stops to limit losses.
- **Plan D (Risk Management):** Use no more than 1â2% of your total capital per trade. If signals are mixed, consider using smaller position sizes or waiting for more clarity before making significant trades.
### 6. **Additional Signals to Watch:**
- **RSI/Oscillators:** Overbought levels may hint at a reversal.
- **Fibonacci Retracements:** Use these to find key support/resistance levels.
With proper risk management and monitoring of technical indicators like volume, MACD, and moving averages, you can maximize potential profit while minimizing risk. #MemeCoinTrending #CPI_BTC_Watch
