Price Prediction:
- Short-term: Given the overbought RSI, there might be a short-term pullback or consolidation.
- Long-term: If the bullish trend continues, the price could test higher resistance levels.
Entry Points:
- Long Position: Consider entering a long$ position if the price pulls back to around the EMA(25) level of $0.03947, which could serve as a support level. This would provide a better risk-reward ratio.
- Short Position: Given the overbought$ RSI, a short position could be considered if the price fails to break above the recent high of $0.04635 and shows signs of reversal. A stop-loss just above this level would be prudent.
Risk Management:
- Stop-Loss: For long positions, set a stop-loss just below the EMA(25) level. For short positions, set a stop-loss just above the recent high.
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$Take-Profit: For long positions, consider taking profit near the recent high or higher resistance levels. For short positions, consider taking profit near the recent low or support levels.