Technical Analysis (Daily Chart)
1. Price Overview
* **Current Price**: \$0.2029 (+7.42%)
* **24h High / Low**: \$0.2145 / \$0.18835
* **50-Day MA**: \$0.1704 (price is well above it – bullish)
* **Recent Breakout**: Price just broke out of a consolidation range (\~\$0.188–\$0.192)
#### **2. Indicators**
* **MACD**: Bullish crossover; MACD line above signal, momentum increasing.
* **RSI (6)**: 83.67 (Overbought short-term)
**RSI (12)**: 72.35 (Overbought)
Indicates strength but possible short-term pullback or consolidation.
* **KDJ**: K=63.58, J=88.35 – also shows upward momentum but entering extreme levels.
#### **3. Volume**
* Volume spike confirms breakout — institutional or large trader interest.
#### **4. Resistance & Support**
* **Immediate Resistance**: \$0.2145 (24h high), followed by \$0.238
* **Immediate Support**: \$0.188–\$0.192 zone
* **Previous Major High**: \$0.4843 (long-term target, not relevant intraday)
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### **Intraday Trading Plan (Bullish Bias)**
#### **Trade Type**: Long (buy on dip or breakout)
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#### **Entry Points**
* **Aggressive Entry**: \$0.2020–\$0.2035 (current consolidation area)
* **Conservative Entry**: \$0.1945–\$0.1960 (on pullback near recent breakout base)
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#### **Stop-Loss Placement**
* **Tight SL**: \$0.1890 (below recent breakout support)
* **Loose SL**: \$0.1840 (below 24h low for broader stop)
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#### **Take-Profit Targets**
* **TP1**: \$0.2140 (test 24h high)
* **TP2**: \$0.2240 (psychological resistance zone)
* **TP3 (Stretch Target)**: \$0.2380 (prior high from February range)
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### **Risk-Reward Estimate**
* **Aggressive Trade**:
* Entry: \$0.2030
* SL: \$0.1890 (risk: 1.4 cents)
* TP2: \$0.2240 (reward: 2.1 cents)
* **RRR** = \~1.5
* **Conservative Trade**:
* Entry: \$0.1950
* SL: \$0.1840 (risk: 1.1 cents)
* TP2: \$0.2240 (reward: 2.9 cents)
* **RRR** = \~2.6
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### **Strategy Notes**
* RSI is overbought — if entering aggressively, monitor closely for pullback signs.
* Best approach is **"buy the dip"** near \$0.195 if the breakout retests.
* Intraday momentum suggests follow-through is likely above \$0.214 if volume stays strong.
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Would you like a **scalping setup** on a lower timeframe (15m or 1h), or another altcoin analyzed similarly?