Based on the updated chart
Observations:
The current price is 0.0011472, with a strong upward trend.
The price has recently reached a high of 0.0011854, which may act as immediate resistance.
The Stochastic RSI is at 94.07, indicating the market is in an overbought condition. This typically signals a potential pullback or consolidation phase.
MACD is still bullish, showing upward momentum but approaching a potential slowdown.
Entry Price Recommendation:
Since the price is nearing an overbought condition and approaching resistance, it might be better to wait for a pullback before entering. A reasonable entry point could be near the 0.0010582 support level, or once the stochastic RSI shows a cooldown.
Current scenario: High risk of entering as it’s in an overbought zone.
Recommendation: Wait for a pullback near 0.0010582 or until indicators like Stochastic RSI cool down, showing a better entry point.
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