The momentum is extremely bullish in the short term, with the relative strength index near 96, indicating very strong overbought conditions.
To confirm the continuation of the trend, the price must regain stability and hold above the $0.012 level with follow-through volume.
If rejected here, watch for a healthy retest of the $0.0096 level as mutual support.
Trade Setup:
Entry Point: $0.01020 – $0.01080
Take Profit:
1 :$0.01180
2 :$0.01250
3 : $0.01320
Stop Loss: $0.00940
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