Wave Analysis (Elliott Waves): Trump's Work

1. A clear downward wave started from the peak near 10.16 and ended at the bottom 8.30.

2. The price then rebounded in a corrective upward wave (Wave B) reaching up to ~9.13.

3. Now it is followed by a corrective sideways/downward Wave C moving horizontally around the area of 8.96.

This indicates that the price is at the end of a correction or the beginning of a re-accumulation before a new movement.

Technical Indicators:

Parabolic SAR (yellow dots): Currently above the candles, indicating temporary selling pressure.

MACD: Still in a neutral phase (MACD = 0), without clear momentum, which supports the idea of volatility.

KDJ (Momentum Indicator): In the middle area (~60), indicating market neutrality.

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🎯 Suggested Entry and Exit Points:

Trade Type Entry Area Stop Loss Target One Target Two

Buy (speculative) 8.80 - 8.90 USDT 8.60 USDT 9.13 USDT 9.50 USDT

Sell (if broken) Break 8.30 USDT 8.55 USDT 7.80 USDT 7.40 USDT

> ✅ A breakout above 9.13 with strong trading volume could change the direction towards a new rise to the areas of 9.70 then 10.00+.

Liquidity:

From the chart, there are no candles with long wicks or price gaps, indicating stable liquidity.

You can enter with a light buy near 8.80 with a precise stop loss (8.60), and only add to the position upon breaking 9.13.

There is currently no clear signal for significant buying momentum, so it is better to manage risk precisely.