📈 Key levels for entry and exit:
Buy: Enter a buy position if the price consolidates above $0.7915 (current high). This will confirm further upward movement.
Targets (Take Profit):
TP1: $0.824 – first target based on the nearest resistance level.
TP2: $0.860 is the next target for profit taking if the growth continues.
Stop Loss: It is recommended to set it at $0.764, which corresponds to the nearest support level and will protect the position from a market reversal.
🔍 Indicators confirming the signal:
RSI (6): The value of 79.89 indicates overbought conditions, which may signal a possible correction in the near future.
StochRSI: High readings (96.11) also confirm the likelihood of a short-term pullback.
MACD: Indicates the current bullish momentum as the MACD line has crossed DEA in the positive zone.
📊 Recommendations:
Watch for a break of $0.7915 with increasing volumes to confirm the strength of the trend.
Take profit at $0.824 and $0.860 depending on market dynamics.
Please note that there may be a short-term correction due to overbought conditions in the market.
💡 Follow the trends and trade smart!
