📈 Fibonacci Retracement Levels
The Fibonacci tool is drawn from a low around $4.354 to a high of $4.862.
Level Price Interpretation
0.0 4.861 Local high/resistance
0.236 4.741 Minor resistance/support
0.382 4.668 Currently testing this level
0.5 4.608 Key psychological and technical support
0.618 4.548 Strong support zone (Golden Ratio)
0.786 4.463 Deep retracement zone
1.0 4.354 Local swing low
Current Price: $4.684
➡️ Currently above the 0.382 ($4.667) level, showing some strength after a retracement.
➡️ If it sustains above 0.382, it could attempt to retest $4.74 (0.236) or even $4.86 (high).
➡️ Breakdown below 0.5 or 0.618 levels could suggest a continuation to lower retracement levels.
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📉 MACD Indicator (Momentum)
MACD Line: 0.000195
DIF (Fast Line): 0.023217
DEA (Signal Line): 0.023023
➡️ MACD is slightly positive, and the fast line (DIF) is just above the signal line (DEA) — a weak bullish signal.
➡️ Histogram is near zero, suggesting limited momentum or potential consolidation.
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📊 Summary
Trend: Recovering from a retracement; neutral-bullish bias.
Support: $4.61 (0.5 Fib), $4.55 (0.618 Fib)
Resistance: $4.74 (0.236 Fib), $4.86 (Recent high)
MACD: Weak bullish crossover; watch for momentum increase.
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✅ Potential Strategy
Bullish Scenario: If price holds above $4.67 and breaks $4.74, target $4.86.
📊 Volume Analysis
Volume is gradually increasing during the latest upward price movement.
This shows accumulation — buyers stepping in after retracement.
No sudden spike yet → Market not in FOMO or panic phase.
If price rises above $4.74 with strong volume, breakout confirmation becomes stronger.
🔼 Bullish Breakout Plan:
Entry: On candle close above $4.74 with volume spike
Target: $4.86 → $4.88+
Stop-loss: Below $4.66
Bearish Scenario: If it fails to hold $4.61, watch for pullback toward $4.54 or $4.46.
🔽 Bearish Breakdown Plan:
Entry: On breakdown below $4.60
Target: $4.54 → $4.46
Stop-loss: Above $4.68
