$dogs. Let's analyze:
1. Trend:
• An upward trend is visible on the daily timeframe after reaching a local minimum at the level of 0.0004681. The price broke upwards through the moving averages (MA) 25 and 99, confirming the trend change.
2. Resistance levels:
• The nearest resistance level is noted around 0.0008878. This is the current price where the price may encounter profit-taking.
• The next resistance level is in the zone of 0.001259 if the current momentum continues.
3. Support levels for buying:
• The level of 0.0006475 acts as the nearest support and is a good zone for potential buying during a correction.
• A stronger support level is located around 0.0004681, from where the upward trend began.
4. Volumes:
• The increase in volumes confirms buyer activity, especially in the last candles.
Recommendation for buying:
• Entry level: 0.0006475 during a correction.
• Stop-loss: Below the level of 0.0004681 to minimize risks.
• Targets: 0.0008878 (partial profit-taking), 0.001259 (main target).
Make sure that the strategy aligns with your risk management!