$TYCOON
๐What stands out: A steep, recent rally with large green candles and rising volume, then a small pullback and recovery. Short Mas (MA7) are above longer Mas (MA25/99) โ trend is bullish but stretched.
๐ Momentum: K/D/J on the image sits around midโhighs (~60) โ not extreme but recently was higher; momentum may cool or consolidate.
๐ Market structure: Rapid move creates clear near resistance at the recent wick high (~0.044) and immediate support near the recent consolidation/MA (around ~0.034โ0.037).
Most likely shortโterm scenarios
๐ฅ Shallow pullback / consolidation (highest): Price digests gains between ~0.034โ0.044 while Mas catch up. This is the healthiest outcome after a vertical run.
๐ฅ Deeper retrace (moderate): If sellers pick up, expect a drop toward ~0.027โ0.030 (previous consolidation area / stronger MA zone).
๐คImmediate continuation (lower): If followโthrough buying arrives with higher volume and closes above ~0.044, the rally can extend โ watch volume for confirmation.
Key levels (approx)
โ๏ธNear resistance: ~0.044 (recent wick high)
First support / pullback zone: ~0.034โ0.037 (MA/short consolidation)
๐ Stronger support: ~0.027โ0.030 (prior base / longer MA area)
Sample trade ideas (examples only)
๐Conservative: Wait for pullback into 0.034โ0.037 and a bullish reversal candle with rising volume. Entry there; stop just below 0.032. Targets: 0.044 (partial) then 0.055.
๐ Momentum / short term: Small size now if price holds above ~0.037. Tight stop ~0.034. Quick target 0.044 โ trail stops if it runs.
๐ฅFade (high risk): Short a clear rejection at ~0.044 with heavy selling volume. Target support zones above; use very small size and strict stops.
