$ALLO Notice it now
Dear traders, today we have a currency pair at a very sensitive level. The current price of $0.1716 stands between two possibilities: continued upward movement or the start of a strong correction. Therefore, trading now requires a smart and measured approach.
๐ Check out the currency pair now!
The short-term trend remains bullish within a positive channel.
The price is above the 7 EMA ($0.1697) and the 25 EMA ($0.1600), which supports the continuation of the upward momentum.
The strongest resistance is currently at the 99 EMA ($0.1795), which is the crucial level for a price breakout or rejection.
๐ง Technical Indicators:
RSI between 57 and 62: Bullish trend, but not yet overbought.
StochRSI near the top: Indicates a possible short correction or consolidation before the next trend decision.
๐ฏ Key Trading Levels
๐น Key Support:
$0.1700
$0.1630
$0.1600
๐น Key Resistance:
$0.1780
$0.1795
$0.1950 โ $0.2100 (if broken)
๐ง Best Plan Now
Currently, neither buying nor selling impulsively is advisable. It's best to wait until one of the following scenarios unfolds:
๐ Scenario 1 (Safer):
Buy only if the price returns to the $0.1620-$0.1640 area and shows clear consolidation.
Stop Loss: $0.1580
Targets:
TP1: $0.1830
TP2: $0.1950
TP3: $0.2100
๐ Scenario 2 (Bullover Confirmation):
Enter only after a strong breakout and a 4-hour close above $0.1795.
Successful retest, then buy.
Stop loss below $0.1700.
โ ๏ธ Important Notice
Currently:
Selling against the trend is illogical, and entering hastily now is highly risky due to the price's proximity to strong resistance.
Professional trading = patience + plan + smart entry.
โ๏ธ Conclusion
The market is currently in a decision-making phase, and the $0.1795 level is key.
If it is broken with a strong close, we may see an upward extension.
$MMT Watch this and observe there
$GIGGLE Watch this and observe there
If it fails, the $0.1630 area will be an excellent buying opportunity.