Technical Analysis Price and Trends: The current price is around 0.00006281 ( based on the SMA 9). The price appears to be moving sideways with a slight bullish tendency, indicated by the slowly rising SMA 9. The price has just broken out from the resistance level around 0.00006330 and is currently retesting that level as support. Volume: Volume increased significantly at the breakout (see the volume spike around April 29 ), indicating strong buying interest. The current volume is stable, supporting the potential continuation of the trend. MACD (12, 26, Close): MACD shows a positive value of (0.00000034) with the MACD line above the signal line (0.00000021), indicating bullish momentum. The MACD histogram is also positive, reinforcing the bullish signal. Support and Resistance Levels: Support: 0.00006330 ( level that has just been retested after breakout ). Resistance: 0.00006500 (the nearest high level seen on the chart). Trading View Based on the analysis, I recommend a Buy position for day trading considering the bullish momentum that still exists. Here is the setup: Buy Setup Entry Point: Wait for price confirmation to hold above support 0.00006330. Ideally, enter when the price slightly pulls back and forms a bullish candlestick, for example, a bullish engulfing or bullish pin bar at this level. Stop Loss (SL): Place below support, around 0.00006250, to limit risk if the price fails to hold. Take Profit (TP): Target the next resistance at 0.00006500, which provides a risk-to-reward ratio of about 1:2 (risk 0.00000080, profit 0.00000170). Confirmation: Ensure that the MACD remains bullish ( the MACD line is above the signal line ) and the volume does not decrease drastically when entering a position. Setup Sell (Alternatif) If you are more conservative or see signs of reversal, here is the sell setup: Entry Point: If the price fails to hold above 0.00006330 and breaks down with a strong bearish candlestick, for example, a bearish engulfing, enter a sell position. Stop Loss (SL): Place above 0.00006350 to limit risk. Take Profit (TP): Target the next support around 0.00006000. Confirmation: MACD has turned bearish ( MACD line is below the signal line ) and volume increases as the price falls. Important NotesRisk Management: Do not risk more than 1-2% of your capital on a single trade.
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Technical Analysis
Price and Trends:
The current price is around 0.00006281 ( based on the SMA 9).
The price appears to be moving sideways with a slight bullish tendency, indicated by the slowly rising SMA 9.
The price has just broken out from the resistance level around 0.00006330 and is currently retesting that level as support.
Volume:
Volume increased significantly at the breakout (see the volume spike around April 29 ), indicating strong buying interest.
The current volume is stable, supporting the potential continuation of the trend.
MACD (12, 26, Close): MACD shows a positive value of (0.00000034) with the MACD line above the signal line (0.00000021), indicating bullish momentum.
The MACD histogram is also positive, reinforcing the bullish signal.
Support and Resistance Levels:
Support: 0.00006330 ( level that has just been retested after breakout ).
Resistance: 0.00006500 (the nearest high level seen on the chart).
Trading View
Based on the analysis, I recommend a Buy position for day trading considering the bullish momentum that still exists. Here is the setup: Buy Setup
Entry Point: Wait for price confirmation to hold above support 0.00006330. Ideally, enter when the price slightly pulls back and forms a bullish candlestick, for example, a bullish engulfing or bullish pin bar at this level.
Stop Loss (SL): Place below support, around 0.00006250, to limit risk if the price fails to hold.
Take Profit (TP): Target the next resistance at 0.00006500, which provides a risk-to-reward ratio of about 1:2 (risk 0.00000080, profit 0.00000170).
Confirmation: Ensure that the MACD remains bullish ( the MACD line is above the signal line ) and the volume does not decrease drastically when entering a position.
Setup Sell (Alternatif)
If you are more conservative or see signs of reversal, here is the sell setup: Entry Point: If the price fails to hold above 0.00006330 and breaks down with a strong bearish candlestick, for example, a bearish engulfing, enter a sell position.
Stop Loss (SL): Place above 0.00006350 to limit risk.
Take Profit (TP): Target the next support around 0.00006000.
Confirmation: MACD has turned bearish ( MACD line is below the signal line ) and volume increases as the price falls.
Important NotesRisk Management: Do not risk more than 1-2% of your capital on a single trade.