#Signal. $๐ Preliminary Technical Analysis (assuming the chart is available):
โ Support and Resistance Levels:
Immediate Support: 0.07000 โ Potential rebound area.
First Resistance: 0.07500 โ If broken with a clear close, we may see an upward movement.
Strong Resistance: 0.08000 โ Needs strong buying momentum to break through.
๐ General Trend:
If the price is moving above the 50 or 100 moving average, this may indicate an upward trend.
If the price is below them, we are in a downward or corrective trend.
๐ต๏ธโโ๏ธ Technical Indicators that can be used:
RSI: If under 30 โ Potential buy. If above 70 โ Overbought.
MACD: Bullish crossover โ Entry signal, Bearish crossover โ Exit or caution.
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๐ If you want a scalping entry and exit recommendation or a short trade, send me:
Trading platform (Binance for example?)
Time frame (5 minutes? 15 minutes?)
And are you using leverage?
