$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.
#Write2Earn #ChristmasMarketAnalysis #BTCNextMove #data #CorePCESignalsShift