š Technical Analysis (TF 1H)
š¢ Current Trend:
Still in a bullish consolidation phase after a major breakout:
The price has sharply risen from around 0.095 to 0.28 previously.
Now sideways in the area of 0.21 ā 0.22.
MA(20) (pink line) = 0.195997 ā thus a dynamic support
MA(50) (yellow line) = 0.126 ā strong medium-term support
š Important Support and Resistance:
Strong support: 0.195 - 0.200 (MA20 area)
Nearest resistance: 0.222 - 0.246
Major resistance: 0.279 - 0.288
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šÆ TP and SL Recommendations
ā Take Profit (TP)
Already well set at 0.42594, as this is a medium-upper target. Can consider staggered TP:
TP1: 0.246
TP2: 0.279
TP3 (maximum): 0.42594 (already set)
š Stop Loss (SL)
SL needs to be set to avoid high risk. Recommended SL:
Safe SL: 0.195 (below MA20 support)
Maximum SL (more lenient): 0.185
Do not hit the liquidation price at: 0.11594