Moving Average (MA)
MA50 (light blue line): around 0.504, meaning the price is slightly above MA50, this can be considered a dynamic support zone.
MA200 (yellow line): at 0.4016, still far below, indicating that the medium-term structure remains bullish.
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š Price Structure
The price rose to 0.615, then corrected and is now stable in the range of 0.50ā0.51.
Currently, the price is seen testing the MA50 support again, so this area is important: if it holds, it could be a bounce. But if it breaks down, it could continue to drop.
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š Additional Indicators
a. Stoch RSI (oversold)
Stoch RSI is very low (around 15), meaning the potential for a rebound is starting to open up, although there has not yet been a cross upwards (reversal sign has not appeared).
b. RSI (6): 46.99
In the neutral to downward area, meaning there is still room to rise, but not in an overbought condition.
c. MACD
The histogram is starting to flatten, and the MACD-DIF line is almost crossing upwards.
This is an early signal of potential bullish momentum, but not a strong confirmation yet.
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š Conclusion
MA50 (dynamic support).
Stoch RSI oversold (prepare for a bounce).
MACD starting to stabilize (potential bullish crossover).
RISK MANAGEMENT 1%
NFA DYOR