I will give you some important points
1. Current trend:
It appears that the coin was going through a corrective phase, as the price dropped to 0.00001010 but quickly rebounded.
The last green candles indicate bullish reversal attempts with short-term positive movement.
2. Technical indicators:
Moving Averages (MA):
MA(9) and MA(25) appear close to each other, indicating a price convergence condition.
If MA(9) crosses above MA(25), it may be an upcoming bullish signal.
Relative Strength Index (RSI):
55.8, indicating a neutral position, neither overbought nor oversold, but the bias is slightly positive.
MACD: The numbers are close to zero, indicating a weakness in the current momentum, but there is a possibility of a trend change in case of a clear break.
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Support and resistance:
Closest support: 0.00001010
(If this support is broken, we may see an additional decline.)
Nearest resistance: 0.00001057
(Breaking this level may give an upward push to the price).
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Best entry price:
Secure Entry: 0.00001020 â 0.00001030
(Entering in this range will provide less risk if there is a sustained upward bounce.)
Best price for sale:
First sell: 0.00001057 (first resistance).
Second sale: 0.00001094 (if the rise continues).
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Future expectations:
If the resistance at 0.00001057 is broken, we may see the uptrend continue towards higher levels like 0.00001100 or more.
If the price fails to break the resistance and a pullback occurs, it may return to test the support level at 0.00001010, and there may be an additional decline if this support is broken.
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Recommendation:
Proposed strategy:
If you want to enter, wait near the support (0.00001020), placing a stop loss order below the 0.00001010 level to avoid risk.
If the price moves towards the resistance (0.00001057), you can sell partially to make a partial profit, while continuing to follow the market movement later.
This analysis is based on current information in the chart, but you should pay attention to news or fluctuations that may affect the price suddenly. Always do your own research.
This is not investment advice but
It is a personal opinion that may be right or wrong.
Welcome everyone and share your opinions with me.
