• Entry: Buy at 22.50-22.70, if the price shows a clear bounce from the current level (22.24) with a bullish confirmation candle (like a bullish engulfing) and increasing volume. • Profit target: 25.13 (key resistance). If this level breaks, the next target would be 29.90. • Stop Loss: 21.68 (below the 24H low and near the EMA 50). This limits risk in case of a breakout.
Short Scenario (Bearish)
• Entry: Sell at 22.24-22.50, if the price fails to hold above 22.24 and shows a bearish confirmation candle (like a bearish engulfing) with increasing volume. • Profit target: 21.87 (EMA 50) as the first target, and 20.40 (EMA 200) as the second target. • Stop Loss: 23.50 (above the current consolidation). This limits risk in case of a bullish bounce.
• Confirmation of a Tweezer Bottom at 0.599 with a strong green candle and increased volume. • The price must remain above 0.621 and break the immediate resistance at 0.752. • Ideally, the price should approach the EMA 25 (0.700-0.720) and use it as dynamic support.
Entry: 0.630 (after confirmation of a strong green candle above 0.621).Target 1: 0.752 (immediate resistance).Target 2: 0.879 (secondary resistance).Stop Loss: 0.599 (below key support).Risk/Reward Ratio:
Short Scenario
Conditions to Enter:
• Confirmation of the descending triangle with a break below 0.599, accompanied by a strong red candle and increased volume. • The price must remain below the EMA 25 (0.700-0.720), which acts as dynamic resistance. • The presence of bearish patterns such as the Three Black Crows reinforces this scenario.
Entry: 0.590 (after the break of 0.599 with confirmation).Target 1: 0.400 (key support).Target 2: 0.371 (psychological level and extension of the drop).Stop Loss: 0.621 (above the broken support).Risk/Reward Ratio:
Bullish Scenario (Long) • If the price holds $0.3661 as support and starts forming green candles with increasing volume, it could look to retest the resistance at $0.4382. • A breakout above $0.4382 with strong volume could drive the price to $0.50 or higher.
Bearish Scenario (Short) • If the price breaks $0.3661 forcefully, the next support is at $0.2771. • If that level is lost, the price could drop to $0.1861 or even lower.
Conclusion • The initial movement was an aggressive pump, but now the market is in a correction phase. • If you trade, wait for confirmation at key levels before taking a position. • A long could be considered if there is a rejection at $0.3661 with volume. • A short would be valid if it breaks $0.3661 forcefully and with volume.