#SLAY
Let's analyze the picture step by step 👇
1. The visible indicators
Current price: 0.02764$ (+4.46%).
EMA (Exponential Moving Averages):
EMA7 = 0.027254 (yellow)
EMA25 = 0.027372 (pink)
EMA99 = 0.027398 (purple)
→ The price is currently above EMA7 and approximately higher than EMA25 and EMA99, which gives us a short-term positive signal.
MACD:
DIF = -0.000158
DEA = -0.000229
MACD = slightly positive (+0.000072)
→ This means there is a beginning shift towards positivity but the momentum is weak.
RSI (6): 62
→ It is considered in the neutral zone leaning towards overbought, but it is still far from 70 (overbought zone).
2. Price Action
The price bounced from 0.026146 as a near bottom, and rose strongly to 0.02764.
The last long green candle reflects good liquidity entering, but it was followed by a small red candle (signal for a potential short correction).
3. The closest possibility
In the short term (15 minutes): A slight downward correction may occur to retest the level of 0.0272 – 0.0273 (EMA25 and EMA99) before any new rise.
If the price maintains support at 0.0272 and rises again, the next target will be at 0.0282 – 0.0289.
Breaking below 0.0272 may drop the price to 0.0267.
✅ In summary:
Current trend: Short-term bullish.
Risk: We may see a slight correction before continuing the rise.
#