๐ Trade Setup for $W (4H Chart) โ High-Probability Move! ๐
๐ Market Analysis:
Price is currently $0.0874, showing a downtrend but nearing potential support.
The 7 MA ($0.0901), 25 MA ($0.0977), and 99 MA ($0.0927) indicate that price is below key moving averagesโsuggesting a potential bounce or further drop before recovery.
Recent low: $0.0855, suggesting strong demand zone around this area.
๐ฏ Trade Idea: Catch the Reversal or Ride the Breakout!
๐น ๐ Entry Zone:
โข Aggressive Buy: Around $0.0860 - $0.0870 (anticipating a bounce from support).
โข Safe Buy: After confirmation above $0.0900 (breaking resistance).
๐น ๐จ Stop Loss:
โข Below $0.0848 (if this level breaks, further downside likely).
๐น ๐ Support Levels:
โข $0.0852 - $0.0855 (recent lows, strong demand zone).
๐น ๐ Resistance Levels:
โข $0.0900 - $0.0925 (key breakout zone).
โข $0.0977 (25 MA, critical resistance).
๐น ๐ฏ Targets:
โข TP1: $0.0935 (Short-term profit).
โข TP2: $0.0975 (25 MA resistance).
โข TP3: $0.1030+ (potential trend shift if bullish momentum kicks in).
โข โ Risk-Reward: 1:2 or higher if entry is managed properly.
๐ฅ Final Thoughts:
โขIf $0.0855 holds, we could see a strong bounce.
If price rejects $0.0900, consider taking partial profits or waiting for a confirmed breakout.
๐ข Your Signal:
"๐ $W is at a key support zone! Entering around $0.0860 - $0.0870 for a bounce. Stop-loss: $0.0848, Targets: $0.0935 - $0.1030+! Watch for a breakout above $0.0900 for confirmation! ๐๐"
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