#BTCRecoveredTo97K JASMY/USDT
Observations:
1. **Current Price**: 0.05465.
2. **Moving Averages**:
- MA(7) (Yellow): 0.05658 (indicating short-term trend).
- MA(25) (Pink): 0.05601 (medium-term trend).
- MA(99) (Purple): 0.05025 (long-term support trend).
3. **Price Action**:
- The price recently dropped below the **MA(7)** and **MA(25)**, indicating a possible short-term bearish momentum.
- The **MA(99)** acts as strong support around 0.05025.
4. **Volume**:
- Strong buying volume is observed earlier in the chart, but the recent selling candles show declining momentum.
5. **Indicators**:
- The price retraced after testing the resistance near 0.05913.
- Short-term bearish trend as the price failed to hold above short-term moving averages.
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Trade Strategy:
# 1. **Entry Point**:
- If planning for a **long trade**, wait for confirmation of a reversal signal (e.g., bullish candle closing above MA(7)).
- If planning for a **short trade**, wait for price rejection near MA(25) or MA(7).
2. **Stop Loss (SL)**:
- For a **long trade**: Place SL below 0.05200 (recent swing low).
- For a **short trade**: Place SL above 0.05750 (recent swing high).
3. **Take Profit (TP)**:
- For a **long trade**: Aim for 0.05750 (resistance zone) or 0.05900 (previous high).
- For a **short trade**: Target 0.05200 or 0.05025 (MA(99), strong support).
4. **Contingency Plan**:
- **Plan A**: If price breaks above **0.05700**, it signals bullish continuation. Exit short positions.
- **Plan B**: If price drops below **0.05200**, bearish trend confirms. Avoid long trades.
- **Plan C**: If price consolidates between **0.05400** and **0.05600**, avoid aggressive trades. Wait for breakout.
- **Plan D**: Keep an eye on market volume. High buying volume near support indicates potential reversal.
-Risk Management:
- Limit risk to **1-2% of your account** for this trade.
- Monitor closely as the 15-minute chart provides short-term signals that can change quickly. #BTC100K! #CryptoHistoricMoment $JASMY
#jasmyrocket