CAN I,Buy $SAGA or Not ???

Let's Analyse that 🔥

**Key Observations**

1. **Price Action**

Current Price: $0.6797(near the 24h low of $0.65, down-2.62%).

Trading below both EMA(5) = 0.6810 and EMA(10) = 0.6891,indicating short-term bearish momentum.

Critical support at $0.6797(current price level); next major support at $0.65 (24h low).

2.RSI(6)*

38.84 approaching oversold territory but not extreme yet). A bounce may occur if RSI climbs above 40-45.

3.**Volume**

Current volume (4.1M) is below the 5-day MA (5.4M), suggesting weaker momentum. Watch for volume spikes to confirm trend reversals.

**Trading Strategy**

Scenario 1: Long Trade (Bullish Reversal).

*Entry Trigger*

Price reclaims EMA(5) = $0.6810 with rising volume + RSI(6) > 40.

Alternatively, a bounce from $0.65 (24h low) with bullish candlestick patterns (e.g., hammer, engulfing).

**Targets**:

EMA(10) = $0.6891 (first resistance).

$0.7094 (24h high) if momentum strengthens.

**Stop-Loss**

Below $0.65 (e.g.,$0.6450) to limit downside risk.

**Scenario 2:

Short Trade (Bearish Continuation).

**Entry Trigger**

Breakdown below $0.6797 (current level) with rising volume + RSI(6) dropping further (<35).

**Targets**

$0.65(24h low).

If broken, next support likely at $0.60 (psychological level).

**Stop-Loss**

Above EMA(5) = $0.6810 or $0.6850.

**Risk Management**

Position Size.

Risk ≤ 1-2% of your capital per trade. For example, if your account is $1,000, risk $10-$20.

**Risk-Reward Ratio**

Aim for 1:2 or better (e.g., risk $10 to gain $20).

**Confirmation**

Wait for candlestick closes (e.g., 15m/1h) above/below key levels to avoid false breakouts.

**Final Decision Matrix*

| Condition | Action|

| Price holds $0.65 + RSI > 40.

Long with target $0.689–0.709 |

| Price breaks $0.65.

| Short with target $0.65–0.60 |

| EMA crossover (5 > 10)| Reassess for trend reversal|

.

Always trade with a plan and avoid emotional decisions.

🚨 **Not financial advice.**