lista technical analysis
Technical Overview:
Current Price: $0.1580
Trend: Downtrend (lower highs and lower lows)
Indicators:
EMA(100) is at $0.1750, indicating strong bearish sentiment (price is well below EMA).
MACD: Bearish momentum persists, though histogram bars are shrinking, hinting at weakening selling pressure.
Volume: Gradually decreasing, no strong reversal signal yet.
Support zone: $0.1520 (recent low)
Resistance zone: $0.1665 - $0.1720 (previous highs and EMA resistance)
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Suggested Trading Strategy (Short-term, Swing Trade):
If entering a long position (buy):
Entry: Around $0.1580 (current price)
Stop Loss: Below the recent support, around $0.1500
Reason: Below the 24h low ($0.1520), gives room for volatility without too tight a stop.
Take Profit (TP):
TP1: $0.1665 (recent resistance)
TP2: $0.1720 (EMA100 resistance)
Risk-Reward:
Risk: $0.0080
Reward:
TP1: $0.0085
TP2: $0.0140
RR Ratio: 1:1.06 (TP1), 1:1.75 (TP2)
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Summary:
The trend is still bearish, but signs of a potential reversal are forming (shrinking red candles and MACD histogram).
Volume is low, so a breakout might lack strength unless confirmed by momentum.
Set tight stop loss and scale out profits at key resistance zones.
