$DATA Recent Technical Analysis and Trading setup 🔥🔥🔥🚨🚨🚨

Support and Resistance Levels

✔️Support:

$0.04256: Strong support based on recent lows.

$0.04435: Intermediate support level visible on the chart.

✔️Resistance:

$0.04820: Key resistance level where price faced rejection.

$0.04849: Potential next resistance level beyond the current high.

Entry Points🚨

⤵️⤵️Short Position:

Entry: Around $0.04820 (current resistance).

Target: $0.04435 (first support level).

Stop Loss: $0.04850 (just above resistance to limit risk).

⤴️⤴️Long Position:

Entry: Around $0.04435 (support level confirmation).

Target: $0.04820 (first resistance level).

Stop Loss: $0.04240 (below major support).

Market Insights🚀

Trend: The market appears to be in an uptrend on the shorter time frame (15-min chart). However, the rejection at $0.04820 indicates potential consolidation or pullback.

Volume: High trading volume indicates strong activity, which supports potential breakouts or retests.

🧠Indicators:

✔️MACD: Likely signaling bullish momentum but watch for divergence.

✔️RSI: Monitor for overbought (>70) or oversold (<30) signals to confirm reversal or continuation.

✔️Bollinger Bands: Could indicate whether the price is nearing overextension (upper band) or support (lower band).

The short-term bias depends on the breakout above $0.04820 or a pullback to support at $0.04435.

Use cautious position sizing to mitigate risk given the current volatility.

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