$📊 Analysis
Trend: The market is currently in a downtrend. After several consecutive red candles, small green candles have formed, indicating that the price may pause for a while or a slight pullback may occur.
Support Level: There is a support level around 0.01677, which has already been touched. If it breaks, the next support is approximately between 0.01665 – 0.01660.
Resistance Level: Immediate resistance upwards is at 0.01685 – 0.01690. After that, 0.01699 – 0.01700 will be significant resistance.
Volume: There is high volume in the down move, meaning sellers are currently strong, but recent volume has decreased slightly, indicating that the downward momentum may slow down.
📈 Chances (% Chance)
Chance of going up (Short-term pullback): 40%
Chance of going further down: 60%
🎯 Possible Target
If it goes up, the first target: 0.01685 – 0.01690
If it goes down, the first target: 0.01665 – 0.01660
🛡️ Safe Trade Plan (for 5m time frame)
Entry Buy: Near 0.01678 – 0.01680 (for short-term scalping only)
Target: 0.01688 – 0.01690
Stop Loss: 0.01665
Entry Sell: If a candle closes below 0.01665
Target: 0.01655 – 0.01650
Stop Loss: 0.01675
