1. Technical Analysis
a. Bollinger Bands (BB)
Current price position: 0.0880, above the Mid Band (0.0811) and approaching the Upper Band (0.0920).
The price movement has just broken out from the lower area (0.0722) upwards with large volume, indicating strong bullish momentum.
Upper Band starts to curve upwards → potential for further short-term gains.
b. RSI (6)
RSI is at 79.33 → entering overbought territory.
This condition indicates that the price has risen significantly in a short time, prone to a small correction before continuing the upward trend.
c. MACD
MACD line (0.0019) has already golden crossed above the signal line (-0.0056) → confirms bullish signal.
Positive histogram strengthens → a new upward trend has just started to form.
d. Volume
Trading volume has increased drastically → indicating strong buying interest (big player entry).
Price increase accompanied by volume is a valid sign of breakout.
2. Important Levels
Nearest support: 0.0811 (mid band BB)
Strong support: 0.0722 (latest low)
Nearest resistance: 0.0920 (Upper BB)
Strong resistance: 0.1030 (previous peak)
3. Trading Strategy
Scenario 1 – Buy on Breakout
Entry: If the price breaks & closes above 0.0920 with large volume.
Target: 0.0996 → 0.1030.
Stop loss: 0.0880 (below the breakout candle).
Scenario 2 – Buy on Retracement
Entry: Wait for the price to pull back to 0.083–0.085 (near mid band).
Target: 0.0920 → 0.0996.
Stop loss: 0.0810.
Scenario 3 – Scalping
Timeframe: 15m/1H
Buy in the area of 0.086–0.087 when the price is near the small mid band.
Sell in the area of 0.091–0.092.
Tight stop loss at 0.085.
4. Important Notes
RSI is already overbought → avoid entering large lots at the peak, wait for a slight correction for a safe entry.
High volume → there is still potential for an increase if momentum does not fade.
Use trailing stop if the price continues to rise quickly to lock in profit.
Don't FOMO, stick to the plan and be disciplined with the stop loss.
