) A special gift for the first article pinned on my channel 💲)
1. Current trend:
The price is moving up after a bounce from the low at 2.3502.
A break above the moving averages (MA7, MA25) indicates bullish momentum.
2. Other indicators:
Volume (VOL): A large increase in volume supports the upside.
Bullish candles: There are strong green candles, indicating good buying pressure.
3. Moving averages:
The MA(7) and MA(25) are moving higher, reflecting a change in momentum.
MA(99) is still above the current price, which means it may face resistance at higher levels.
Recommendations:
Ascension:
If the price continues above 2.41 and breaks 2.47 (24-hour high), it may head to higher levels (2.50 - 2.55).
Monitor the trading volume and continuity, as bullish support with high volumes is a strong indicator.
Landing:
If the price breaks 2.35 down (support), it may head to lower levels (2.30 - 2.28).
Be sure to watch for long red candles as an indicator of a trend change.
advice:
Use stop loss to avoid excessive risk.
Wait for confirmation before entering trades.
, such as a clear break above or below key levels.
