Momentum is building with a bullish crossover of the short-term MA (7) over the medium-term MA (25). A breakout above $0.038455 could see the price retest higher resistance levels. Eyes open for potential upward momentum.
Next Targets:
Immediate Resistance: $0.035503
Higher Target: $0.038922
Advice: Monitor price closely, secure partial profits, and adjust stop-losses to manage risk effectively.
The breakout and strong bullish momentum indicate a confirmed uptrend. Now is the time to enter strategically and ride the trend. Manage your risk by placing a stop loss and securing partial profits as targets are hit.
The breakout and strong bullish momentum indicate a confirmed uptrend. Now is the time to enter strategically and ride the trend. Manage your risk by placing a stop loss and securing partial profits as targets are hit.
Long Entry: Above 2.83 for breakout confirmation. Target: 2.88 - 2.92. Stop Loss: 2.79 (below recent structure).
Pattern Insight: Price is consolidating near resistance (purple box), indicating a potential bullish breakout if momentum sustains. Rejection here could lead to a pullback towards 2.75 support.
Next Move: Watch for breakout volume! Trade cautiously.