📊 Chart Analysis
1. Current Trend
The price had a strong pump up to 0.8153, followed by a sharp sell-off.
Currently the candles are pulling back slowly, forming a descending channel.
Price is below the 7-MA, sitting slightly above the 25-MA, but still under the 99-MA → this indicates weakening bullish momentum.
🔥 2. Volume Analysis
There was a huge bullish volume spike during the pump.
After that, the sell volume increased, and now volume is very low.
Low volume + downward candles means:
👉 buyers are not showing strength right now
👉 market waiting for next breakout
🧱 3. Support & Resistance
Resistance:
0.760 – 0.780 strong area — price rejected heavily.
Support:
0.690 – 0.705 zone (price is very close to this)
0.667 (MA 99 line support)
If 0.705 breaks → likely drop to 0.667.
🕯 4. Candle Pattern
You are currently seeing:
Series of small red candles
Forming a falling wedge (bullish reversal pattern)
But wedge is not complete yet; needs a breakout above the yellow MA (7-MA)
📈 5. Prediction (Short-Term)
Based on the chart structure:
Scenario A – HIGH probability (60–70%):
➡️ Price tests 0.705 support again
➡️ If support holds → bounce upward to 0.740 – 0.760
Scenario B – MED probability (40%):
➡️ If BTC or market becomes weak →
➡️ Breaks 0.705
➡️ Falls to next strong support 0.667
✅ WHAT YOU SHOULD DO (Based on the chart)
(Not financial advice — just chart-based analysis)
If you want to LONG (Buy):
Wait for confirmation:
✔ Break above 0.725
✔ Candle closes above 7-MA
✔ Volume increases
TP targets:
TP1: 0.740
TP2: 0.760
SL:
Below 0.700
If you want to SHORT (Sell):
Enter only if:
✔ Price breaks below 0.705 with red volume
TP targets:
TP1: 0.685
TP2: 0.667
SL:
Above 0.725
⭐ My Clear Recommendation Right Now
👉 DO NOT enter immediately
👉 Price is in a weak downtrend but near major support
👉 Best to wait for breakout decision:
Long only if above 0.725
Short only if below 0.705
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