CURRENT SUMMARY:
Price: $7.94
MA(60): $7.89 (currently above MA60 = bullish short-term)
MACD:
Histogram is flatlining after a small bullish trend (possible weakening momentum)
VOLUME:
Decreasing after initial spike (potential for range or reversal)
24H RANGE:
$7.74 - $8.15 (suggests mean price around $7.94–$7.95, current price is central)
PLANS
A (Primary Plan - Bullish Continuation)
Entry: $7.90 – $7.94 (current area, confirmation of holding above MA60)
Stop Loss: $7.75 (below recent support and 24h low)
Take Profit:
TP1: $8.10
TP2: $8.25 (if momentum builds and breaks $8.15 resistance)
STRATEGY:
Ride a bounce if price continues to close above MA60. Watch MACD for another bullish crossover.
Volume trigger:
Look for a spike above 15.3k in next few candles for confidence.
B (Rejection and Short Setup)
CONDITION:
Price fails to hold $7.90 and breaks below MA60
Entry: $7.87–$7.89 (on retest and failure)
Stop Loss: $8.00 (recent swing high)
Take Profit:
TP1: $7.75
TP2: $7.60 (if panic selling triggers)
Strategy:
Short on weakness below MA60 with MACD confirmation (cross below 0 line + bearish histogram expansion)
C (Range Trading / Scalping Plan)
Entry: Buy at support zone $7.75 – $7.80
Sell at: $7.95 – $8.00
Stop Loss: $7.70
TP: $8.00 (short bounce)
STRATEGY:
Utilize the 24h low and current resistance for quick scalps. Best used when MACD and volume are neutral or low (range-bound signals).
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