Significant spike in the last candle (long$HOME green candle) from $0.0203 to $0.025 → then retraced to $0.0219.$HOME
A long upper wick formed → indicating strong take profit occurred near the psychological resistance of $0.025.
Currently, the candle is trying to recover from the retracement.
⚠️ Important Zone:
Nearest Support: $0.0210 – $0.0212 (MA 7 area and base candle before the spike)
Strong Resistance: $0.0250 – $0.0254 (upper wick spike)
📊 Order Book Sentiment:
Buy: 57.12% vs Sell: 42.88%
→ Market sentiment is still leaning bullish.
⚡ Potential Scalping Setup:
✅ Bullish Breakout:
Entry Buy: Break $0.02250 – $0.02280
TP 1: $0.02350
TP 2: $0.02490
SL: $0.0210
🔻 Bearish Breakdown (if it fails to continue rising):
Entry Sell: Close candle below $0.0208
TP 1: $0.0202
TP 2: $0.0196
SL: $0.0222
📌 Conclusion:
Short-term momentum is very strong, but high rallies like this are prone to short-term corrections.
The best strategy is to wait for a confirmation of a re-breakout or to enter at a healthy pullback to the $0.0208–0.0212 area.
Beware of false breakouts if the volume does not support.