0.00001681 USDT (+2.56%)
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📌 Potential entry area:
🔹 0.00001660 - 0.00001680
🎯 Targets:
✅ First target: 0.00001700
✅ Second target: 0.00001750
✅ Third target: 0.00001820
🛑 Stop loss:
🔻 0.00001560
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📊 Technical analysis:
🔸 The price is recovering from a 24-hour low of 0.00001587, reflecting a return of buying pressure.
🔸 The RSI indicator = 50.03, indicating a balance in strength between buyers and sellers, with room for additional upside.
🔸 The MACD indicator is slightly negative but close to a positive crossover, which could indicate the beginning of bullish momentum if the crossover occurs.
🔸 Trading volumes are good (1.78 trillion BONK), enhancing the chance of a breakout if resistance is breached.
💡 Confirmation of the rise:
A breakout of the 0.00001700 level with high trading volume could push the price towards 0.00001750 then 0.00001820.
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📢 Risk management:
✔️ Take partial profits at each target to protect against volatility.
✔️ Move the stop loss to the entry point after reaching the first target.
✔️ Staying above 0.00001660 keeps the bullish scenario intact, while a break below 0.00001560 temporarily cancels the idea.
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My opinion:
The analysis shows the beginning of a new bottom formation with the possibility of an upward wave, but the market still needs confirmation with stronger momentum (especially via MACD or a clear breakout candle). If you are in the trade, watch the resistance levels closely.
Are you considering entering? Or are you already in the trade? Let me know so I can give you a direct control plan based on your current situation!