📊 Technical Observations:
Current Price: $0.2400
Bollinger Bands:
Upper Band (Resistance): 0.2739
Middle Band (20-SMA): 0.2469
Lower Band (Support): 0.2200
Volume: Mild, with no breakout volume yet.
Recent Low: 0.2204, and previous strong low: 0.1775
Previous High: 0.3006
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🟩 Long (Buy) Trade Setup — Bullish Bias
✅ Entry Price:
Ideal Entry: 0.2370–0.2400 (just under the 20-SMA/Middle Bollinger Band)
Optional: Scale in on dips toward 0.2300
🛡️ Stop Loss:
Stop Loss: 0.2160 (below Bollinger Band bottom and key support)
🎯 Take Profit Targets:
1. TP1: 0.2469 — Middle Bollinger Band (short-term reaction)
2. TP2: 0.2730–0.2750 — Upper Bollinger Band (swing target)
3. TP3 (optional): 0.3000 — Strong resistance zone, longer hold
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🟥 Short Trade Setup — Bearish Contingency (if price rejects at resistance)
✅ Entry Price:
Entry: Near 0.2460–0.2480, if strong rejection occurs with red candle
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🛡️ Stop Loss:
Stop Loss: 0.2550 (above Bollinger midline and recent high wicks)
🎯 Take Profit Targets:
1. TP1: 0.2300
2. TP2: 0.2200 — Lower Bollinger Band
3. TP3 (aggressive): 0.2000–0.1950
//Created using ChatGPT//
