General Trend: It seems that the price has exhibited an upward movement recently. There is a clear upward trend, especially in the last few days.
Support and Resistance:
Support: The 0.00002900 USDT level appears to be an important support point. This level has been tested several times and the price has not fallen below this level. Resistance: Around 0.00003350 USDT seems to be an important resistance point. This level has been tested before and there is currently a move towards this level again. Recent Movements: On May 21, the price rose rapidly from approximately 0.00003000 USDT and moved towards 0.00003350 USDT levels.
RSI (Relative Strength Index) Analysis:
Oversold/Split Situations: The RSI value enters the overbought zone above the 70 level, which indicates that the price may retreat. Currently, the RSI is at 67.35, which indicates that the price is close to the overbought zone. Below 30 is the oversold zone, which usually indicates that the price may recover. Current Status: The RSI is currently at 67.35, which indicates that the price is still in an uptrend but is overbought. It shows that it is approaching the region. It's good to be careful.
Trading Points:
Pickup Points:
It might make sense to buy at support levels around 0.00002900 USDT. If it falls below this level, you can minimize the risk by placing a stop loss order. Considering that the price is in an upward trend, buying opportunities should be evaluated in case the RSI retreats towards the 50 level.
Selling Points:
Selling can be done at 0.00003350 USDT levels as a resistance point. It may be logical to take profit at this level. When the RSI exceeds the 70 level, it may be wise to sell thinking that the price may pull back.
Suggestions:
When buying, watch for support levels and the movement of the RSI indicator towards the 50 level.When selling, watch for resistance levels and the RSI indicator to exceed the 70 level. Do not neglect risk management by using stop-loss orders.
