$MAV
MAV/USDT - Buying Signal Maintained (Awaiting Retracement)
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▶ Entry: 0.0575 - 0.0580
✅ Take Profit 1: 0.0595
✅ Take Profit 2: 0.0610
⛔ Stop Loss: 0.0560
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📊 Multi-Timeframe Analysis:
· 4H: Moderate Uptrend (Price above EMA 9) but facing resistance at 0.0608
· 1H: Bullish Momentum (Positive MACD + RSI 67.46) but close to overbought area
· 15M: Bullish EMA Cross with support at 0.0584
🎯 Entry Triggers:
· Bounce from support area 0.0575 (Alignment with EMA 21 on 1H)
· Improvement in trading volume at support level
⚠️ Important Warnings:
· RSI approaching 70 on 1H timeframe (Potential Overbought)
· Trading volume relatively low on 4H timeframe
📈 Summary:
Buy on retracement from 0.0575 towards 0.0610 while monitoring resistance at 0.0608.
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Note:
· Risk/Reward Ratio: 1:2.3
· Due to low volume, reduce position size by 40%
· Monitor resistance testing at 0.0608 for any distribution signal
