Price Movement: Sharp spike from around 0.034 to 0.04118 — nearly 20% jump in a short time.
Trade Setup (Scalp or Quick Swing): Direction: Short (counter-trend, risky) Since RSI is extremely high (95+), a pullback is likely. But only enter a short if a bearish candle confirms.
Entry (Short): Around 0.04100 - 0.04120 after a bearish candle or reversal pattern (e.g., shooting star, bearish engulfing).
Stop Loss: Above 0.04200 (recent wick high) — tight in case of breakout continuation.
Take Profit:
TP1: 0.03880 (near EMA7)
TP2: 0.03700 (near EMA25 and recent support zone)
Alternate Setup: Long on Pullback (safer option) Wait for price to retest support levels, then enter long.
Entry (Long): Around 0.03880 - 0.03750 (EMA7 or EMA25 bounce)
Stop Loss: Below 0.03650 (under EMA25 and wick zone)
Take Profit:
TP1: 0.04050
TP2: 0.04150 (previous high zone)
Reasons: RSI > 90 is a strong warning of an overheated market.
EMAs confirm momentum, so a long on pullback is safer.
MACD supports momentum but may lag in signaling reversals.
High volume confirms strength but can also mark temporary peaks.
Trade with Click the chart below.👇👇
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