0.17261 USDT (+4.03%)
---
📌 Entry Area:
🔹 $0.1700 - $0.1730
---
🎯 Goals:
✅ First Goal: $0.1750
✅ Second Goal: $0.1800
✅ Third Goal: $0.1850
---
🛑 Stop Loss:
🔻 $0.1660
---
📊 Technical Analysis:
🔸 The price recovered from the low at $0.16426, achieving a local peak at $0.17465, indicating strong interest from buyers.
🔸 RSI (46.01) is still in the mid-range, which gives good room for an upward move before reaching overbought conditions.
🔸 MACD (-0.00024) shows the beginning of weakness in upward momentum, but no clear reversal signal has been given yet.
🔸 Trading volume is good but not very high; we need increased volume to confirm the breakout of the $0.1750 resistance.
🔸 Short-term moving averages (MA5 < MA10) indicate some hesitation, so it's better to wait for confirmation of the trend.
---
💡 Upward Confirmation:
A clear breakout of the $0.1750 level with a strong candle on the 30-minute timeframe will support the move to $0.1800 and beyond.
---
📢 Risk Management:
✔️ Take partial profits at each target, raising the stop loss to the entry point after the first target.
✔️ Staying above $0.1700 supports the bullish scenario, while breaking below $0.1660 may indicate the beginning of a new correction.
---
My Opinion:
The market is in a sideways fluctuation with an upward bias. Waiting for a retest of the area between $0.168 - $0.170 for a better entry price. However, if the price continues to rise, it will not be retraced.
Are you thinking about entering now or waiting for confirmation of the trend?
