Market Overview:
Current Price: 0.6571 USDT
Trend: Recovering after a dip; price is consolidating near MA(25) and above MA(7), suggesting short-term bullish strength.
Indicators:
MA(7): 0.6509 (supporting price slightly)
MA(25): 0.6280 (acted as a recent dynamic support)
MA(99): 0.5538 (major long-term support)
Resistance: 0.7287 - 0.7829 (previous top)
Support: 0.6280 (MA25 and recent horizontal support)
Signal: Long Setup (Trend Continuation)
Reason: The price is holding above MA(7) and MA(25), forming higher lows. If this momentum continues, a breakout attempt toward the recent high is possible.
Trade Plan:
Entry:
0.6570 USDT (limit order near current price, slightly below to catch dip)
Target (TP):
0.7280 USDT (near last resistance zone, below
0.7829 (top for safer exit)
Stop Loss (SL):
0.6250 USDT (below MA25 and recent swing low; breaks structure if touched)
Support:
Major: 0.6280 USDT (horizontal + MA25)
Secondary: 0.5538 USDT (MA99)
Risk/Reward Ratio: ~2.2 (Decent R:R)
Notes:
If the price breaks below 0.6280 with volume, consider it invalid and reassess.
Funding rate is mildly positive (0.005%), showing slight long interest.
Position sizing is crucial due to 75x leverage—use strict risk management.