Trend: Strong upward momentum over the past 24 hours, but a slight pullback currently. The price has been volatile, showing large fluctuations.
Support: $0.03918 – A solid low for this recent rally, acting as strong support.
Resistance: $0.07089 – The current high is a major resistance level to watch.
Momentum: Bullish momentum in the short-term, but the price is undergoing a small correction. If it holds above $0.05700, there could be more upside potential.
Trade Strategy 🚀:
Entry Zone 📍:
Buy Zone: $0.05700 - $0.05800, on potential pullback and support hold.
Target Keys 🎯:
1. $0.06500 – Initial target as price retraces or breaks upward from the recent pullback.
2. $0.07000 – If resistance breaks, consider partial profit-taking here.
3. $0.07500 – The higher target, if momentum persists and the price breaks the $0.07089 resistance level.