$OM
1. Technical Analysis (Chart Pattern)
Potential Pattern:
You might be seeing the early signs of a "Double Bottom" or a "W" pattern, which is a bullish reversal pattern.
Price touched a low near 0.3426 twice and bounced up sharply.
This current move could be the breakout from the neckline (around 0.4180 - 0.4330 zone).
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2. Entry/Exit Points
Support Levels:
0.4180 (yellow line — previous resistance now turned support)
0.3793
0.3426 (Strong bottom support)
Resistance Levels / Profit Targets:
0.4527 (short-term resistance, already touched)
0.4894 – 0.5092 (next major resistance zone)
0.5261 (upper long-term target)
Entry Idea (if price retests):
Wait for pullback to 0.4180 or 0.4330 — this zone can be a good entry if it holds as support.
Place stop loss slightly below 0.4180 or 0.4100 for safety.
Exit/TP ideas:
Partial at 0.4527,
More at 0.4894,
Final at 0.5092 - 0.5261
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3. Indicators Analysis
RSI (Relative Strength Index):
RSI is 70.39, which is near overbought. This usually means a short-term pullback can happen, then continuation.
Volume Spike:
Big green volume candle = Strong buying interest. This confirms the move is valid (not a fakeout).
MA(5) and MA(10):
MA(5) just crossed MA(10) with strong momentum = Bullish crossover.
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4. Price Prediction (Short-Term)
If price holds above 0.4180 and consolidates:
High chance of reaching 0.489 – 0.509 again
A strong close above 0.509 = breakout, possible move to 0.526 – 0.55
If price fails to hold 0.4180, it may revisit:
0.3793 or even 0.3426
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Summary Plan (if trading)
Action Level
Buy on pullback 0.4180 – 0.4330
Stop Loss Below 0.4100
TP1 0.4527
TP2 0.4894
TP3 0.5092
TP4 (longer-term) 0.5261
Disclaimer: This analysis is generated with the help of ChatGPT and is for educational purposes only. Please do your own research before investing."
