Spot Only
✅ Proposed Trade Details
Entry Price: Between $0.2355 and $0.2380
Take Profit (TP) Targets:
1st Target: $0.2435
2nd Target: $0.2490
3rd Target: $0.2580
Stop Loss (SL): Below $0.2290
🔍 Quick Technical Analysis
Technical Pattern: An inverse head and shoulders pattern has formed on the 1-hour chart, with a clear breakout of the neckline at $0.232, indicating a potential bullish reversal.
Technical Indicators:
Moving Averages (EMA): Ascending (EMA 7 > EMA 25 > EMA 99), indicating strong bullish momentum.
Relative Strength Index (RSI): Indicates room for further upside before reaching the overbought zone.
On-Line Volume (OBV): Shows an increase in trading volume, supporting an uptrend.
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⚠️ Tips for Beginners
Capital Management: Don't risk more than 1-2% of your capital on this trade.
Order Placement: Use stop-loss and take-profit orders to protect your investment and ensure profits.
Market Monitoring: Closely monitor price action and be prepared to adjust your strategy based on market developments.
