Momentum Indicators:
Stoch RSI = 94.14
In a strong overbought area → possibility of a correction or slowdown.
RSI (7) = 70.5
Also indicates overbought → a chance for a temporary pause before continuing upward.
MACD shows a clear bullish crossover → supports positive momentum.
🔍 Key support and resistance levels:
Current resistance: 0.00001331
First support: 0.00001311 (moving average zone)
Second support: 0.00001284 (previous low)
✅ Technical recommendations:
🔹 Current trend: Bullish (short-term)
🔹 Momentum: Positive, but overbought
🔹 Suitable entry point: Between 0.00001300 and 0.00001311 upon a temporary pullback
🔹 Potential profit-taking targets:
First target: 0.00001331
Second target: 0.00001354
🔹 Suggested stop loss: Below 0.00001284
📌 Important note for traders:
If you are in the trade: Consider taking partial profits upon breaking resistance at 0.00001330, especially given the current overbought condition.
If you are waiting to enter: Watch for a price pullback towards 0.00001300, as it could be a good entry opportunity provided a technical confirmation signal appears.
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