Market Trend:
The price found support at 0.707 and is now moving upwards.
MA 7 & MA 25 formed a bullish crossover, which is a short-term bullish signal.
However, MA 99 is still above the price, meaning the overall trend is still bearish in the bigger picture.
Support & Resistance Levels:
Support Zone: 0.707 - 0.725
Resistance Zone: 0.748 - 0.771
MACD Analysis:
MACD histogram is turning green, indicating rising buying pressure.
DIF & DEA are close to crossing over, which could be a bullish confirmation.
Trading Plan:
✅ Entry Point (Buy Zone):
A good entry for buying would be between 0.725 - 0.730, if the price finds support in this area.
For confirmation, look for a bullish engulfing candle or a higher low formation.
🎯 Target Levels:
First target: 0.748
Second target: 0.771
⛔ Stop Loss:
If the price drops below 0.712, exit the trade to minimize risk.
Final Thoughts:
Short-term bullish signs are present, but confirmation is needed before entering.
Long-term trend remains bearish unless the price breaks above 0.771.
Safe entry is around 0.725 - 0.730, with profit targets between 0.748 - 0.771.
Let me know if you need analysis on a different timeframe or more details!