Analysis of the current situation: $1000CAT
1. Current price: 0.03501 USDT.
2. Moving averages (MA):
• MA(7): Above the current price (~0.03746), confirming a downtrend.
• MA(25) and MA(99): Not present on the chart, indicating the youth of the coin or limited trading history.
3. Volumes:
• Volumes are decreasing, which may indicate a decline in market participants' interest in the short term.
Key levels:
• Support: 0.03023 USDT (local minimum).
• Resistance: 0.04311 USDT (local maximum after correction).
Short-term forecast (1–3 days):
1. If the support at 0.03023 is broken, a move to the zone of 0.02800 is possible.
2. If the price holds above 0.03500 and breaks 0.03746 (MA(7)), a rise to 0.04311 is possible.
Recommendations:
1. For entering the coin:
• Buy in the support zone: 0.03000–0.03200 USDT.
• Alternative option: on a break and hold above 0.03750 USDT.
2. Targets for profit-taking:
• Short-term: 0.04000–0.04300 USDT.
• Medium-term: 0.05000 USDT.
3. Stop-loss: Place slightly below 0.02800 USDT to minimize risks.#1000cat