ADX
Current Price: $0.1104 (+3.27%)
24h High/Low: $0.1115 / $0.1065
Recent Trend:
ADX dropped to $0.1080, then rebounded strongly.
Price is now testing the $0.1104-$0.1115 resistance zone.
Williams %R Indicator (-7.69): Indicates overbought conditions, meaning a possible short-term pullback.
Volume Increase: Suggests renewed buying interest.
Future Trading Prediction (Long or Short?)
Bullish Scenario (Long Position)
If ADX breaks above $0.1115 with strong volume, it could target $0.1130-$0.1150.
A breakout above $0.1150 could trigger a larger rally.
Bearish Scenario (Short Position)
If ADX fails to break $0.1115, it may pull back to $0.1095-$0.1080.
A break below $0.1080 could signal further downside to $0.1065-$0.1050.
Trading Strategy
For Long Traders:
Enter if ADX breaks above $0.1115 with good volume.
Stop-loss: $0.1090
Target: $0.1130 - $0.1150
For Short Traders:
Enter if ADX drops below $0.1095 with strong selling pressure.
Stop-loss: $0.1110
Target: $0.1080 - $0.1065
