Performance Analysis Since Listing
Price Trend: The price fluctuated between $0.3590 (high) and $0.3260 (low), showing volatility.
Market Sentiment: A 40.85% gain in 7 days indicates early positive momentum, though the 24-hour movement suggests consolidation.
Entry Point Recommendation
1. For Short-Term Traders
Entry Point: Around $0.3410, near the VPVR support zone.
Exit Point: Target $0.3590 (recent high) while monitoring resistance at this level.
Confirmation: Wait for Stochastic RSI to cross upward (blue over orange) and for price to break above MA 9 for further confidence.
2. For Long-Term Traders
Entry Point: Wait for a breakout above $0.3590 or a dip closer to $0.3260 (lower support).
Use SMA 50 as guidance: If the price moves above the SMA 50 with volume support, it indicates bullish momentum.
Indicator Behavior to Watch
MA: Crossovers between MA 9 and SMA 50. A bullish crossover signals a strong entry point.
VPVR: High trading volumes near $0.3410 suggest it is a critical level. Breakouts from this range should guide trading decisions.
Stochastic RSI: Oversold zone indicates buying opportunities, but confirmation is needed via upward cross.