🔎 Chart Analysis
1. Monthly (1M)
ATH was $162 → now at $14.6 (very heavy downtrend long-term).
But since bottoming at $9.05, price has been recovering slowly.
Structure = still bearish long-term, but bottom zone forming.
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2. Daily (1D)
Price bounced from $13.05 → $19.0, then corrected back to $14.6.
This looks like a lower high pattern, showing weakness.
If $14 breaks, next support is $13 → $12.75.
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3. 4H (Short-term)
Recent rejection from $15.9 → $14.6.
Trend is down in short-term.
Buyers weak (45%), Sellers stronger (55%).
Likely more downside before reversal.
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🎯 Key Levels
Support zones: $14 → $13.05 → $12.75
Resistance zones: $15.8 → $17 → $19
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📌 Trading Plan
🔻 Short-term Trade (Safe Play)
Entry (Short): $14.6 – $14.8
Target 1: $14.0
Target 2: $13.2
Stop-loss: $15.9
👉 Short looks safer right now (downtrend momentum active).
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🔺 Long-term Trade (Accumulation)
Only start Long if price holds above $15.9 (breakout confirmation).
Entry (Long): $16 – $16.2 (after breakout)
Target 1: $17
Target 2: $19
Stop-loss: $14.5
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✅ Summary:
Short-term traders → Better to go Short (downside towards $14 → $13.2).
Long-term investors → Wait for a breakout above $15.9 to go Long.