Strategic Recommendations

Short-term Traders:

1. Entry Point:

If the support level holds, consider entering around $0.00390–$0.00400 (the oversold stochastic RSI supports this).

2. Profit Targets:

First Target: $0.00427 (short-term resistance).

Second Target: $0.00450 (if buying volume surges).

3. Stop Loss: $0.00385 to manage downside risk.

Long-term Investors:

This correction phase provides a buying opportunity for those confident in the project's fundamentals.

Gradually accumulate near the support level ($0.00380–$0.00400), with a long-term target of recovering to previous highs ($0.00476 and above).

5. Key Market Levels to Watch

Support Level: $0.00385–$0.00400

Resistance Levels: $0.00427 (MA7), $0.00450 (psychological level)

Breakout Confirmation: Sustained closes above $0.00427 accompanied by volume to validate bullish continuation.

Final Thoughts

The market is in a healthy correction phase, following a round of explosive growth. Oversold indicators (stochastic RSI) and volume dynamics indicate buying opportunities near support. Short-term traders should remain cautious and employ stop-loss strategies, while long-term investors can accumulate for future gains. Breaking above $0.00427 is key to restoring the upward trend. Maintain discipline and closely monitor volume trends.

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