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Signal: Buy if the price breaks above the current high of $1.0294 and sustains the upward momentum. This is supported by the positive movement in the MA(7).Target: The next resistance level is $1.0400 (recent high).Stop-Loss: Place below $1.0223 (recent low) to minimize potential losses.
Trend Reversal (Bearish):
Signal: Sell if the price drops below $1.0223, with volume picking up, signaling a potential downward trend.Target: The next support level is near $0.9600 or $0.9400.Stop-Loss: Place above $1.0294 to limit potential losses if the trend reverses.
Sideways Consolidation:
If the price remains within the range of $1.0223 to $1.0294, a breakout or breakdown could provide clearer direction.
Trade Management:
Watch for larger volume surges, as this can confirm the strength of a breakout or breakdown.Be mindful of the market sentiment, especially considering this token is tagged as "new" and is part of the Launchpool, which may bring speculative volatility.