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Important considerations:
1. Market Trend: Current price $0.7261, which has decreased by 5.95%. 24-hour high price $0.9862 and low $0.6635. The price seems to have shifted from an uptrend to a downtrend.#NIL
2. Moving Average (MA): MA(7) = 0.7182 (short-term average) MA(25) = 0.7346 (long-term average) If the price is below MA(25), it indicates a downtrend.#NILđĨđĨđĨđĨđĨ
3. Volume: Trading volume is decreasing, which may indicate price stability or a potential reversal.#NIL
Short or Long?
Short: If you think the price will decrease further, then shorting may be a good option.
Long: If it holds around the support level of 0.6635 and begins an upward movement, you might consider going long.
Short Entry: If the price rejects in the $0.7300-$0.7400 range.
Stop Loss: Above $0.7600.
Take Profit: You can target $0.6800-$0.6700.
It is best to make decisions based on your own analysis and risk management.