1. Current Price:
The price is at $0.4152, experiencing a decrease of about -5.96%.
2. Green Zone:
The green zone indicates a support area or demand zone (strong buyer area).
Upper limit of the support zone: around $0.4152
Lower limit of the support zone: around $0.3634
3. Green Line Indicator (Possible Supertrend):
This line may serve as a trailing support indicator, such as Supertrend or Donchian Channel.
When the price approaches this line, a bounce up often occurs.
4. Price Action:
The price went sideways after a sharp decline.
There is a slight bullish reaction in the support area (a small green candlestick appears above the demand zone).
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Profit Strategy
1. Swing Buy Strategy (Mid-Term Trade)
Entry (Buy):
Buy within the support zone: $0.3705 - $0.4152
Ideal: Wait for a 4-hour candle close above support as a reversal confirmation.
Stop Loss (SL):
Below the support zone: $0.3550 - $0.3600
Take Profit (TP):
TP1: $0.45
TP2: $0.50
TP3 (extra aggressive): $0.55+ if the trend continues
2. Scalping Strategy (Short-Term Trade)
Use a 15m – 1H timeframe for more precise entry.
Enter buy when the price returns to around $0.3700 - $0.3800 with a strong bounce.
Quick TP of 3-5% from entry.
Tight SL below $0.3650
3. Additional Confirmation (Optional):
Use indicators like RSI (oversold <30) and MACD crossover to confirm entry.
Watch the volume – if the volume increases as the price rises from the support zone, it's a good signal.