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Technical Analysis Summary

Trend: Bullish short-term momentum with a potential continuation

Chart Type: 4H candlestick

Current Price: $0.2019

Indicators Used:

EMA (7, 25, 99): Bullish crossover confirmed; EMA(7) > EMA(25) > EMA(99)

MACD: Bullish crossover above the signal line, histogram turning green – momentum is picking up

RSI (6): 72.49 – slightly overbought, but still strong in trend continuation

Volume: Healthy volume uptick confirms the breakout

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Intraday Trading Signal (Long/Buy Setup)

Strategy Type: Momentum breakout continuation

Entry Point(s):

Aggressive Entry: Current price at $0.2019

Conservative Entry: On a slight pullback around $0.1975–$0.1985 (near EMA(7))

Stop-Loss Placement:

Just below recent swing low or EMA(25): $0.1935

Alternatively, tighter SL just under $0.1950 for risk-averse traders

Take-Profit Targets:

TP1: $0.2045 (just above recent high at $0.2043)

TP2: $0.2090 (psychological round number resistance)

TP3: $0.2135 (projected resistance using previous price action zones)

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Risk-Reward Ratio (based on aggressive entry at $0.2019):

TP1: R:R ≈ 1:1

TP2: R:R ≈ 1.8:1

TP3: R:R ≈ 2.5:1

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Notes:

If price closes below the EMA(25) on 4H, reconsider the trade – it could signal weakening bullish momentum.

RSI is entering overbought territory, so trailing stop-loss might be wise for TP2/TP3 holders.

Use volume confirmation on breakouts above resistance to add to positions or confirm continuation.