1. Moving Average (MA): The price is currently near its 24-hour high, which suggests short-term bullish momentum.
2. EMA: If the price crosses above the EMA for the short timeframe (e.g., 15m or 1h), it will further confirm bullish momentum.
3. Bollinger Bands (BOLL): If the price is at or near the upper Bollinger Band, it signals overbought conditions, suggesting caution. A breakout above the upper band could indicate continuation.
4. Parabolic SAR (SAR): If the SAR dots are below the price, this signals an uptrend.
Trade Strategy:
Bullish Scenario:
Entry: Consider entering a position if the price breaks above the 24h high at 0.00190182, confirming a continuation of bullish momentum.
Targets:
1. Target 1 🎯: 0.00195000 (next resistance level based on recent high and market psychology).
2. Target 2 🎯: 0.00200000 (psychological resistance, major round number).
3. Target 3 🎯: 0.00210000 (upper Bollinger Band area, indicating potential overbought conditions, possible reversal zone).
Stop-Loss: Place a stop just below the 24h low at 0.00169000, ensuring protection if the price reverses.
Bearish Scenario:
Entry: Consider entering a short position if the price drops below the 24h low at 0.00169000, signaling a potential reversal or correction.
Targets:
1. Target 1 🎯: 0.00165000 (previous support or a reasonable pullback).
2. Target 2 🎯: 0.00160000 (a further correction towards the lower end of the recent range).
3. Target 3 🎯: 0.00150000 (a more significant retracement if bearish momentum accelerates).
Stop-Loss: Place a stop just above the 24h high at 0.00190182, minimizing risk if the trend continues upward.
