Current Market Status:
- Price: $0.12761 (+9.06%)
- 24h range: $0.10911 (low) - $0.12846 (high)
- Trading Volume: 159.07M ALT (24h)
Technical Analysis:
Bullish Signal:
- Strong uptrend with price above all major MA lines
- RSI at 69.45, indicating strong momentum but not overbought yet
- The MA lines are stacked upward (MA9 > MA20 > MA50 > MA200)
- Clear bullish volume pattern in recent hours
Bearish Factors:
- Price near short-term resistance $0.12846
- Large investors are net selling (-8.74M)
- RSI approaching overbought territory
Cash Flow Analysis:
- Net cash flow out -11.22M in the past 24 hours
- Large investor net selling: -8.74M
- Average investors net selling: -1.14M
- Retail investors net selling: -1.34M
Trading Scenario:
Bullish Scenario:
1. Entry point:
- Pull-back to $0.12373 (MA20)
- Breakout above $0.12846 with volume confirmation
2. Target:
- T1: $0.13000 (psychological level)
- T2: $0.13500 (prediction based on current momentum)
3. Stop loss: Below $0.12000
Bearish Scenario:
1. Entry point:
- Rejected at resistance $0.12846
- Break below $0.12373 (MA20)
2. Target:
- T1: $0.11784 (MA50)
- T2: $0.11339 (MA99)
3. Stop loss: Above $0.13000
Trading Recommendation:
For New Position:
1. Safe Approach:
- Wait for a pullback to MA20 ($0.12373)
- Set stop loss just below $0.12000
- Take partial profit at $0.13000
2. Aggressive Approach:
- Enter when breakout above $0.12846
- Set stop loss at $0.12500
- Take profit at each resistance level
Manage Risk:
- Maintain moderate position size (risk 1-2% per trade)
- Use trailing stop when in profit
- Consider entering/exiting in parts rather than full size
Manage Current Position:
- If long: Move stop to breakeven ($0.12761)
- If short: Consider closing position due to strong upward trend
- Take partial profit when price is strong
