$HYPER BUY BUTTON ON?
Current Price: 0.2451
- Price Action: Strong bearish momentum with a large red candle. Recent low is 0.2410, close to current price.
- Volume: Spike in red volume suggests increased selling pressure.
- Moving Averages:
- MA(7): 0.2617
- MA(25): 0.2697
- MA(99): 0.2730
Price is well below all major MAs, confirming a short-term downtrend.
- RSI(6): 19.16 – Oversold territory, could signal a bounce soon.
- Stochastic (K: 19.21, D: 26.21): Also in oversold territory.
Entry Strategy:
Since the price is near a local support at 0.2410, you could:
- Aggressive Entry: Enter around 0.2430–0.2450, anticipating a short-term bounce.
- Conservative Entry: Wait for bullish confirmation (e.g., bullish candlestick plus rising volume plus RSI crossing above 30).
Take Profit (TP) Levels:
- TP1: 0.2610 – Near MA(7), a safe and likely achievable level.
- TP2: 0.2690 – Near MA(25), stronger resistance zone.
- TP3: 0.2730 – Near MA(99), a stretch target if momentum shifts bullish.
Stop Loss (SL):
- SL 0.2350 – Slightly wider stop to avoid wicks or fakeouts.