đ Trade Idea: Short-Term Reversal Play
Current Price: $2.5816
24H High: $3.8674
24H Low: $0.1000
Indicators:
MA(44): 2.6122
MA(60): 2.6641
Chart Observations:
Price is below both the 44 and 60-period moving averages, signaling bearish pressure.
A sharp spike followed by a downtrend suggests potential profit booking after a massive pump.
If price stabilizes above $2.60 again, a scalp long could be attempted targeting $2.80â$3.00.
If price rejects near MA(60), short opportunity targeting $2.20 support zone.
âď¸ Suggested Trade:
Buy Zone: $2.55â$2.60 (on bullish confirmation with strong volume)
Target: $2.80 â $3.00
Stop Loss: $2.40
OR
Sell Zone: Near $2.65â$2.70 (if rejected by MA lines)
Target: $2.20
Stop Loss: $2.75
đ
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