📉 Current Price:
0.00000956 USDT (+4.14%)
📊 General Trend:
The short-term trend appears bullish, as:
• The three moving averages EMA20 (0.00000941), EMA50 (0.00000936), and EMA99 (0.00000900) have been breached and are holding above them.
• The highest candle reached 0.00000962, which is immediate resistance.
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📈 Technical Indicators:
🔸 RSI (Relative Strength Index):
• RSI(7): 67.9 → Close to the overbought area (70), but there is still room for more upward movement.
• RSI(12): 65.7 → Positive signal.
• RSI(24): 58.7 → Confirmation of the ongoing positive momentum.
🔸 Stoch RSI:
• Stochastic error in a bearish crossover, which may indicate a near-term correction.
🔸 MACD:
• The fast line is above the slow line, with a slight positive crossover, supporting the bullish trend, but the momentum is relatively weak.
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🧭 Support and Resistance Levels:
• First Support: 0.00000935
• Second Support: 0.00000919
• First Resistance: 0.00000962 (touched)
• In case of a breakout: the next potential target is 0.00000985 - 0.00001000
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📌 Overall View:
• The trend is bullish with price consistently above the three averages.
• If 0.00000962 is breached with a strong candle, we may see a push towards 0.00001000.
• However, if the breakout fails, we may see a slight pullback to retest 0.00000935 as support.
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💡 Short-term Recommendation:
• A safe entry would be at the retest of the 0.00000935 level with a reversal candle appearing.
• Stop loss below 0.00000919.
• First Target: 0.00000975
• Second Target: 0.00001000
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