1. Support-Based Long Strategy:
Entry: Place buy orders near $0.3429 (MA-25 support level).
Confirmation: Look for a bounce or green candles forming on higher volume at this level.
Stop-Loss: Set a stop-loss at $0.3300 to minimize risks in case of a breakdown.
Take Profit:
Target 1: $0.3880 (local resistance).
Target 2: $0.4190 (next major resistance).
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2. Breakout Trading Strategy:
Entry: Buy once the price breaks and closes above $0.3880 with strong bullish volume.
Confirmation: Ensure the breakout is accompanied by an uptick in trading volume to avoid fakeouts.
Stop-Loss: Place stop-loss slightly below $0.3800 to safeguard against sudden pullbacks.
Take Profit:
Target 1: $0.4190.
Target 2: $0.4843 (recent high).
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3. Range Trading Strategy:
Buy Zone: Accumulate near $0.3429 (lower range).
Sell Zone: Take profits near $0.3880 (upper range).
Stop-Loss: Set stop-loss below $0.3300 for downside protection.
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4. Bearish Breakdown Strategy:
Avoid Buying: If the price falls below $0.3429, wait for stabilization near $0.2505 before considering entry.
Short Opportunity: If you’re comfortable with shorting, sell below $0.3429 and target $0.2505, with a stop-loss at $0.3500.
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5. Momentum Strategy (For Active Traders):
Monitor Moving Averages: Buy when the price crosses above both MA-7 ($0.3432) and MA-25 ($0.3429) on increasing volume.
Exit: Sell as the price approaches $0.3880 or if momentum fades.
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Key Tip: Use a 1-hour or 4-hour timeframe for confirmations, and always watch volume spikes to validate moves.
