$OG tirding signal đš
1. Current Price: The asset is trading at $7.383, having shown a +5.16% increase.
2. Resistance Levels: The recent high at $8.63 serves as a strong resistance.
3. Support Levels: The low of $6.634 is a critical support to watch.
4. Moving Averages (MA):
The price is currently below the MA(7) but near the MA(25), indicating potential short-term bearish momentum.
The MA(99) is below the current price, suggesting an overall longer-term uptrend.
5. Volume Analysis: A significant spike in volume preceded the recent upward move, but a decline in volume is visible during the pullback.
6. Long Trade Entry: Consider entering above $7.55 if the price breaks above the MA(7) with volume support.
7. Short Trade Entry: A potential short opportunity arises if the price falls below $7.20.
8. Stop Loss Levels:
Long trades: Set a stop loss below $7.15.
Short trades: Place a stop loss above $7.65.
9. Indicators: The recent MACD crossover suggests momentum is turning bearish, so caution is advised for long entries.
10. Overall Outlook: The asset's trend depends on breaking the $7.55 resistance or holding above $7.20 support for further direction.#APESurge #UptoberBTC70K? #BTCSoarsTo68K
