Current Price: 0.00162061 USDT
24-Hour Change: -4.23% (bearish pressure)
Price Action
24-Hour Range:
High: 0.00175398
Low: 0.00160910
Moving Averages (MA)
MA(7): 0.00167321 (short-term)
MA(25): 0.00179136 (medium-term)
MA(99): 0.00186521 (long-term)
The price is trading below all key moving averages, indicating a bearish trend with limited upward momentum.
Relative Strength Index (RSI)
Current RSI: 34.57 (not yet oversold)
The RSI suggests there may be further downside potential before a possible bounce.
Volume
Recent volume spikes indicate dominant selling pressure contributing to the decline.
Support and Resistance Levels
Immediate Support: 0.00160910 (24h low)
Next Key Support: ~0.0013209
Immediate Resistance: 0.00186424 (previous high)
Signal and Strategy
Bearish Bias: The market is currently in a short-term downtrend.
Trading Ideas
1. Short Entry:
If the price breaks below 0.00160910 with volume, it could signal further downside.
Target: 0.0013209 (or lower)
Stop-loss: 0.00175398 (recent high)
2. Potential Buy Opportunity (DCA Strategy):
If the RSI drops below 30 and the price nears 0.0013209, consider starting a DCA position.
Add positions incrementally if the price stabilizes or shows reversal patterns.
3. Breakout Setup:
Wait for a bullish breakout above the 7 and 25 MA for confirmation of a trend reversal.
Target: 0.00223333 (recent peak)
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