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Current Market Overview

Price: 2.2145 USDT

Timeframe: 1H

Trend: Short-term recovery after a significant downtrend. Price is trading near the MA(25) and MA(99), which could act as resistance.

Volume: Moderate, with a slight increase recently.

Recent Candles: There's a consolidation after a rebound from 1.8952, which was a key support zone.

Entry Price

Possible Long Entry: Above 2.22 - 2.23 USDT

If the price breaks and closes above 2.23 with good volume, it signals bullish continuation.

Possible Short Entry: Below 2.18 USDT

If the price fails to hold the support and breaks below 2.18, it could retest lower support zones like 2.0785 or even 1.8952.

Stop Loss

For Long Trade: 2.18 USDT

Below recent swing lows and moving averages to protect against a false breakout.

For Short Trade: 2.23 USDT

Above the recent resistance and MA(99) to avoid getting caught in a short squeeze.

Take Profit

For Long Trade:

TP1: 2.27 USDT (recent high / resistance)

TP2: 2.34 USDT (next resistance level)

TP3: 2.49 USDT (based on the previous structure)

For Short Trade:

TP1: 2.08 USDT (recent low)

TP2: 1.90 USDT (major support zone)

Candle Pattern Insight

You’re currently in a consolidation zone after a bounce from 1.89. The candles show higher lows and slight bullish momentum.

Watch for:

Bullish engulfing or strong green candle breaking 2.23 for confirmation.

Bearish engulfing or rejection candle near 2.23 for short opportunities.

General Strategy

Trend: Recovering but cautious since it’s close to resistance.

Bias: Neutral to bullish if it breaks above 2.23.

Confirmation: Wait for strong candles and volume spike at the breakout points.

If you want, I can check the uploaded file for a more in-depth analysis. Want me to open it?