1. Current situation:
- Price: $1.3490 (+53.50% for the last period).
- 24-hour range: $0.8788 – $1.4500.
- Trading volumes:
- In KAITO: 76.24 million.
- In USDT: 89.84 million.
- Indicators:
- MACD: Positive (0.0430), indicating a possible continuation of the upward trend.
- RSI(6): 84.84 (strongly overbought zone, correction possible).
- Price dynamics: Strong growth, but closeness to the maximum for 24 hours ($1.4500) may create resistance.
2. Key levels:
- Support: $1.34 (current price), $0.8788 (minimum for 24h).
- Resistance: $1.4500 (maximum for 24h).
3. Trading plan:
- Scenario 1: Buy (if strength is confirmed):
- Condition: Bounce from $1.34 with increased volume.
- Target: $1.4500 (test of resistance).
- Stop-loss: Below $1.30 (protection against reversal).
- Scenario 2: Waiting for a correction (due to overbought conditions):
- Action: Monitor for signs of RSI decline (e.g., dropping below 70).
- Potential entry point: Correction to $1.20–$1.25 (if the market gives a pullback).
- Scenario 3: Sell (upon breaking support):
- Condition: Price consolidation below $1.30.
- Target: $0.8788 (minimum for 24h).
- Stop-loss: Above $1.35.
4. Risks:
- A high RSI indicates market overheating - a sharp pullback is possible.
- High volatility (difference between min and max for 24h) requires caution in position sizes.
5. Recommendations:
- Use smaller volumes due to high volatility.
- Monitor volumes: an increase during upward movement confirms trend strength, while a decrease in volume signals caution.
- For margin trading, consider increased risks.
Conclusion: Today's plan depends on price behavior at $1.34–$1.45. It is preferable to wait for a correction or a clear breakout of resistance with confirming signals (volume, candlestick patterns).
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