$BUZZ
🔍 Technical reading
Current trend:
It is on the rise in the short term, with recent green candles and short moving averages pointing upwards.
Bollinger Bands (BB):
The price is close to the upper band (UP: 0.0149218), which usually indicates that it is stretched and there may be a correction unless it continues with strong buying pressure.
MACD:
MACD line (0.0005122) is above the signal line, confirming positive momentum — but already quite distant, which also indicates overbought conditions.
Volume:
There was a significant increase in volume during the last rise, signaling capital inflow, but the last candle already shows a reduction.
Resistances:
$0.0149 (Upper band) — first barrier.
$0.0209 — intermediate resistance.
$0.0418 — recent peak, strong resistance.
Supports:
$0.0104 (Middle band).
$0.0082 — strong support from the last consolidation.
📌 Summary
Optimistic scenario: If it breaks $0.0149 with increasing volume, it may target $0.0209.
Risk scenario: If it loses $0.0104, it may quickly return to $0.0082.
Common strategy in this type of chart: take some profit now to protect capital and let another part “run” if it continues to rise.