Observations:
Current Price: $1.0981 (down 17.5% in the last 24 hours).
MA Trends:
Price is below the MA60 ($1.1155), indicating a bearish trend in the medium term.
Short-term MA5 and MA10 also suggest a continued downward momentum.
Volume: Volume spikes indicate active trading sessions, suggesting possible volatility.
Support/Resistance:
Support: $1.0812 (24-hour low).
Resistance: $1.1150–$1.1330 (recent MA and high levels).
Trade Strategy:
Long Entry:
Entry Zone: $1.0820–$1.0880 (close to the support zone or after a confirmed reversal).
Take Profit (TP): $1.1200–$1.1330 (first resistance).
Stop Loss (SL): $1.0750 (below the support to limit downside risk).
Trade Duration: 1–3 days, depending on market recovery momentum.
Short Entry:
Entry Zone: $1.1150–$1.1200 (near resistance after a rejection or failing to break MA60).
Take Profit (TP): $1.0850–$1.0800 (support region).
Stop Loss (SL): $1.1350 (above strong resistance).
Trade Duration: 1–2 days, focusing on continuation of bearish momentum.
Contingency Plan:
If signals turn against the trade:
For long positions, if price dips below $1.0750, exit immediately and reassess for a re-entry at stronger supports.
For short positions, if price surges past $1.1350, close the trade and watch for breakout continuation or re-entry after correction.
Dynamic Adjustments:
Monitor volume spikes and momentum indicators (e.g., RSI, MACD) for confirming trend reversals or continuations.
