๐ TECHNICAL CONDITION SUMMARY $COOKIE (Timeframe: 1 Hour)
Component Value
Current Price $0.2490
24 Hour Change +12.21% โ
EMA(7) $0.2446 (close dynamic support)
EMA(25) $0.2311
EMA(99) $0.2214
RSI(6) 84.29 โ ๏ธ (Extreme overbought)
High 24 Hours $0.2542
Low 24 Hours $0.2136
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๐ CANDLESTICK & PRICE ACTION
โ Current Strong Pattern:
Bullish parabolic trend โ Consecutive long green candles, flat consolidation (flag).
There are 3 consecutive small sideways candles below resistance $0.2542 โ potential bullish flag/pennant.
โ However:
The last candle has a long upper wick โ indicating selling pressure above $0.254.
This means buyers are starting to weaken, or the market needs cooling.
๐ผ RSI:
RSI 84.29 โ this is an extreme overbought zone.
Often this condition is followed by light corrections / sideways, not directly sharp reversals, as long as the trend remains strong.
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๐ฎ PRICE DIRECTION PROJECTION
๐ข Continued Bullish Scenario (Breakout Flag) โ PROBABILITY: 60%
Condition:
Breakout candle above $0.2545 with large volume
RSI remains >70 and EMA(7) stays below the price
Potential Targets:
TP1: $0.265
TP2: $0.280 (fibo extension 1.618 from breakout zone)
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๐ด Light Correction / Retest EMA(7) Scenario โ PROBABILITY: 35%
When does it happen?
If the price fails to break through $0.2542 and forms a long red candle
RSI starts to drop below 75 and volume weakens
Correction Target:
Dynamic support: EMA(7) โ $0.2446
If broken, next strong support: $0.2311 (EMA25)
๐ป Sharp Bearish Scenario (Low Probability) โ PROBABILITY: 5%
Needs a clear reversal candle like bearish engulfing, massive red volume, and RSI drastically falling below 60
Currently, no signs of that are visible
๐ง CONCLUSION
The market is still very bullish but is starting to enter an overbought phase.
Currently, healthy consolidation is occurring โ it could become a base for continued breakout, as long as it does not break EMA(7).
The safest entry is to buy on a valid breakout, or wait for a correction to support EMA(7) or EMA(25).
