Technical Analysis & Trade Signal $A
Take Profit:
TP1: $0.6300
TP2: $0.6480
TP3: $0.6650 (EMA(25))
Stop Loss:
SL: $0.5730 (below recent low wick)
Price: $0.6095
24h Change: -14.18%
24h High/Low: $0.7513 / $0.5737
Current Trend: Bearish
Indicators:
EMA(7): 0.6208 (Yellow)
EMA(25): 0.6649 (Pink)
Price below both EMAs → Downtrend confirmation
MA(5) and MA(10) volumes: High activity seen recently
Support Level:
Strong support seen at $0.5737 (recent wick bottom)
If broken, next support might be around $0.5631
Resistance Levels:
Immediate resistance at EMA(7) ≈ $0.6208
Next resistance at EMA(25) ≈ $0.6649
Candlestick Patterns:
Recent bounce from $0.5737 shows a short-term bullish recovery, but not enough to confirm a reversal
Prior large red candle indicates high selling pressure
Current Price: $0.6095
Bias: Cautiously Bearish / Wait for confirmation
Entry (Long):
Aggressive Entry: Around $0.6080–0.6100 (expecting short-term bounce)
Safe Entry: Above $0.6210 (price must break EMA(7) with volume)
