1. Current Price:
• Around 0.2123
• Strong green candles with high volume, indicating bullish buying pressure.
2. Moving Averages (MA):
• MA7 (Orange) is crossing above MA25 (Pink) – a short-term bullish signal.
• Price is approaching MA99 (Purple) – suggesting potential for mid-term upward movement.
3. Support/Resistance Levels:
• Support: 0.2072 and 0.2032
• Resistance: 0.2160 and 0.2268 (24h high)
4. Outlook:
• If price breaks above 0.2160, the next target could be 0.2268.
• If price drops below 0.2072, it may shift to a bearish trend.
5. Trade Plan (Strategy):
• Entry: Around 0.2123 (break above moving average zone)
• Take Profit (TP1): 0.2180
• Take Profit (TP2): 0.2268
• Stop Loss (SL): Below 0.2070