✅ Support Levels: • $0.755 - $0.748 (Short-term support) • $0.726 - $0.708 (Key support zone)
📉 Indicator Analysis
🔹 MACD: Bearish crossover, showing potential short-term weakness. 🔹 RSI (6, 12, 24): • RSI(6) = 36 (Approaching oversold, possible bounce soon) • RSI(12) & RSI(24) = 42-43 (Still neutral, room for movement either way) 🔹 KDJ (K: 22.6, D: 32.8, J: 2.1): Shows downward momentum, but oversold conditions are forming.
📈 Trading Strategy Suggestions
🟢 Long (Buy) Setup: • Best Entry: $0.748 - $0.755 (If support holds) • Take Profit Targets: • TP1: $0.770 • TP2: $0.785 - $0.800 • Stop-Loss: Below $0.740
📌 Confirmation Needed: • If RSI rebounds from oversold and volume increases, this could be a strong buy zone.
🔴 Short (Sell) Setup: • Best Entry: $0.776 - $0.800 (If price fails to break resistance) • Take Profit Targets: • TP1: $0.755 • TP2: $0.726 • Stop-Loss: Above $0.810
📌 Confirmation Needed: • If price gets rejected at $0.770 - $0.780 with declining volume, shorting makes sense.
🔹 Final Thoughts
📌 Current trend: Sideways, waiting for a breakout or breakdown. 📌 Best Play: Buy the dip near $0.748 - $0.755 or short near $0.776 - $0.800 if rejected. 📌 Volume is low, so watch for a breakout confirmation before entering.
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