Let's review and analyze the currency $BTTC 79162058587$
1. Support and Resistance Area:
Support: Near the level of 0.00000059, this is likely the current support level.
Resistance: There is clear resistance at 0.00000060, and if the price surpasses this level, we may see an upward movement.
2. MACD Indicator:
We need to monitor if there is a bullish crossover (the blue line crosses the orange line from bottom to top). This is considered a positive signal to enter a buy trade.
A bearish crossover (the blue line crosses the orange line from top to bottom) means it would be the right time to sell.
3. Supply and Demand:
As it appears, there is selling pressure at 0.00000060. If the price starts to decline at this level, it indicates that the market may face resistance. However, if this level is broken, it could indicate further upward strength.
4. Price Dependency:
The market is generally trending downwards at the moment, but if there is a breakout of the resistance level, the trend may start to change to bullish.
Possible Scenarios:
Buy: If the MACD crosses bullishly and the price approaches the support area (0.00000059), a buy trade can be entered.
Sell: If the price continues to drop and does not exceed 0.00000060, with a bearish crossover in the MACD, it may be the right time to sell.
If you need more details on how to analyze correctly
https://abdelnour1.gumroad.com/l/BTC