$M I am going to moon ๐ it's going to happen ๐
follow and like to go moon
โ๏ธ Quick Summary of Observations
Current Price: ~$0.4362 (+23.5% in 24h)
Resistance: $0.4729 (recent high)
Support: $0.4150 - $0.4250 zone (MA levels & structure)
๐ง Trade Setup โ Short-Term Long (Intraday or Swing)
โ Entry Zone: $M
Ideal Buy Entry: $0.4250 โ $0.4300
This is near MA(25) on the 1h and matches a local support level.
Price has already pulled back a bit after touching resistance.
๐ฏ Target Levels:$M
1. TP1: $0.4550 (conservative)
2. TP2: $0.4729 (recent top)
3. TP3: $0.5000+ (if momentum continues)
๐ป Stop-Loss:
SL: $0.4140 (below support zone and MA cluster)
Risk: ~2.5% to 3% from entry
Protects against breakdown below consolidation base
๐ Risk-Reward Ratio (RRR):
TP1: ~2:1
TP2: ~3:1
TP3: ~4+:1
โ Solid RRR for a momentum-based long.
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๐ Optional Setup โ Breakout Trade
If price breaks above $0.4729 with strong volume:
Enter on retest of breakout level or on strong volume candle.
TP at $0.50โ$0.56, SL below $0.4600.
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๐ซ Avoid Shorting Now Unless:
Price rejects hard from $0.4729 again.
Breaks down below $0.4140 on strong volume.
Bearish divergence appears on RSI/MACD (currently not visible in screenshots).
โ Final Thoughts
Current momentum favors long bias.
Use tight stop-loss and scale out profits on spikes.
Monitor Bitcoinโs movement โ altcoin trends often follow it closely.
Look out for overbought signals or volume divergence for exit signs.
