📊 Brief Analysis (TF 1H):
Highest price: 8.677
Current price: 8.258
MA(7) = 8.394 (price has broken down MA7)
Volume decreasing after a spike → potential pullback or correction
Large red candlestick indicates selling pressure after the rally
Nearest support around: 7.713 and 7.169
Resistance: 8.677 and 8.801
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🟢 Long Entry Strategy (Rebound at Support)
Entry: $7.70 – $7.75 (MA25 support area)
Take Profit (TP):
TP1: $8.25 (current price, minor resistance)
TP2: $8.65 (approaching yesterday's high)
Stop Loss (SL): $7.50 (below strong support & MA25)
Leverage: x50
Risk: very high! With SL 2.5-3%, means potential quick liquidation if wrong direction.
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🔴 Short Entry Strategy (If further breakdown)
Entry: $8.30 – $8.35 (retest MA7/MA1 from below)
Take Profit (TP):
TP1: $7.70
TP2: $7.15
Stop Loss (SL): $8.55
Leverage: x50