Technical Deal on Currency $C98
Current Price: $0.0719 (+13.41%)
Sector: DeFi
Global Rank: #480 by Market Cap
Technical Outlook:
Strong breakout from a consolidation area with clear buying momentum and increased trading volume, supported by general optimism in the altcoin market.
Suggested Entry Area:
0.0700 – 0.0715 (upon slight pullback or retest of the broken resistance)
Targets:
🎯 Target 1: 0.0749 (highest daily peak)
🎯 Target 2: 0.0785 (resistance area from August)
🎯 Target 3: 0.0820 (potential extension if momentum continues)
Stop Loss:
0.0675 (below support and short-term moving average)
Supports:
0.0675 / 0.0631
Resistances:
0.0749 / 0.0785 / 0.0820
Pivot Point:
0.0705
Professional Advice:
Wait for a slight pullback towards the 0.0700 – 0.0710 area with decreased selling volume, and enter the trade upon confirmation of a rebound on the 15-minute or hourly timeframe. Monitor BTC movement, as any sudden drop may affect momentum.
Note:
• Global Rank of the Currency: #480
• Proposed Trade Size: 5% of Capital
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