"VISIBLE CHART ELEMENTS"
1. CURRENT PRICE:
$0.36868 (+1.17% in 24h).
2. 24h High/Low: $0.39148 (high) and $0.35432 (low).
3. MOVING AVERAGES:
MA5, MA10, and MA60 are visible.
MA10 appears to be above MA60, suggesting upward momentum.
4. VOLUME: Moderate increase during price spikes.
5. MACD:
The DIF (fast) line is slightly above the DEA (slow) line, signaling a weak bullish crossover.
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"ANALYSIS"
Trend: The chart indicates a short-term uptrend as the price is moving above key moving averages.
MACD: Bullish momentum is weak but building. Look for an increase in the MACD histogram to confirm strength.
"RESISTANCE LEVELS"
Immediate resistance near the 24h high ($0.391).
A stronger resistance level might exist near psychological levels such as $0.400.
Support Levels:
Closest support near the 24h low ($0.354).
MA60 (~$0.36542) may act as dynamic support.
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Trade Strategy:
1. Long Entry (Buy):
Entry Point: Near $0.370, as the price consolidates above MA10 and MACD builds.
Stop Loss: Set below $0.360 (below MA60 and recent consolidation).
Take Profit Levels:
TP1: $0.391 (near 24h resistance).
TP2: $0.400 (psychological barrier).
2. Short Entry (Sell):
Entry Point: Near $0.390, if the price fails to break the 24h resistance with strong rejection candles.
Stop Loss: Set above $0.400.
Take Profit Levels:
TP1: $0.365 (dynamic MA60 support).
TP2: $0.354 (24h low).
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Contingency Plans:
Plan A (Price Breaks $0.391):
Wait for a retest of $0.391 as support to enter a long trade targeting $0.400+.
Plan B (MACD Weakens):
If MACD turns bearish, avoid long trades and wait for short opportunities.
Plan C (Sideways Action):
If price consolidates between $0.360-$0.370, focus on range-bound trading.
Plan D (Unexpected Rejection):
Close trades promptly if the price unexpectedly dips below $0.354 or faces heavy volume rejections.
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