Key Takeaways:
Trend: Strong uptrend confirmed by higher lows, bullish MACD, and increasing volume.
RSI: At 71, it’s close to the overbought zone—watch for a short-term cooldown or consolidation before another leg up.
Entry Strategy: Buying dips near $0.0540 could offer a safer entry with tight risk management.
Target Zones: $0.0600 is the first major resistance; a clean break above that could trigger a fast move to $0.0620–$0.0650.
Risk: Stop below $0.0500 keeps losses minimal if momentum fades.
Additional Notes:
Watch for bearish divergence on shorter timeframes if RSI keeps rising while price slows—could hint at a potential reversal or cooldown.
If $0.0600 breaks with strong volume, momentum traders might pile in, accelerating gains.
You could scale out profits at TP1 and TP2, then trail a stop-loss for TP3 to lock in gains while allowing room for upside.
