$PARTI Trade Setup: Possible Long (Buy) Reversal Trade
$PARTI has experienced a significant drop of -18.60% and is now trading near a potential support zone, suggesting a possible recovery.
Entry Zone:
Ideal entry between $0.2500 – $0.2600 (price is currently in this range).
Stop Loss:
$0.2450 (below recent support to minimize risk).
Support Levels:
First support: $0.2506 (recent low).
Second support: $0.1861 (major support area).
Resistance Levels:
First resistance: $0.2770 (small pullback zone).
Second resistance: $0.2877 (near MA(7), potential breakout level).
Major resistance: $0.3300 (key level for further bullish momentum).
Take Profit Targets:
Target 1: $0.2770 (safe short-term target).
Target 2: $0.2877 (mid-term resistance).
Target 3: $0.3300 (strong move if buying pressure returns).
Technical Justification:
The price has seen a sharp decline but is stabilizing near $0.2500, indicating potential buying interest.
MA(7) at $0.2877 is the first key moving average that needs to be reclaimed.
The massive drop in price suggests extreme volatility, so a cautious approach is necessary.
Alternative Bearish Scenario:
If PARTI breaks below $0.2500, expect further downside to $0.1860 or even $0.1500 if selling pressure continues