1. Long Entry (Plan A)
Entry Point: If the price breaks above 0.007850 with volume, this may signal a strong upward momentum.
Stop Loss (SL): Place SL just below the support at 0.007650 (24h low), minimizing risk.
Take Profit (TP): You could target the 24h high at 0.008418 as the first level. If the price shows momentum beyond this, consider further upside potential.
Trade Duration: Keep this for a few hours to a day, especially if it’s a short-term scalp trade based on volume and momentum.
Plan if Signal Goes Against You: If the price falls toward the 0.007650 level, close the position to minimize losses (max drawdown should be around -2%).
2. Short Entry (Plan B)
Entry Point: If the price fails to break 0.007850 and starts descending toward 0.007700, consider opening a short position.
Stop Loss (SL): Place SL just above the recent high around 0.007850.
Take Profit (TP): First target could be 0.007650 (24h low), and further downside if the market weakens could reach 0.007500.
Trade Duration: A short trade might play out within a few hours if the market weakens quickly.
3. MACD Analysis (Plan C)
MACD shows a small divergence, meaning potential momentum shift.
If the MACD line crosses above the signal line and histogram bars grow (positive momentum), you could wait for confirmation of the uptrend before entering.
Conversely, if the MACD line crosses downward and histogram bars shrink, be prepared for a possible short signal.
4. Moving Averages & Trendline (Plan D)
The price is hovering near the MA(60), which is often a mid-term trend indicator.
If the price maintains above the moving average, the overall trend may remain bullish, signaling continuation for long trades.
If the price falls below the MA(60), it can act as a bearish signal for short trades.
Risk Management
SL Adjustment: If your signal starts to go against you:
For long trades, move SL slightly below the MA(60) if the market shows recovery after a dip.
For shorts, adjust SL above 0.007850 if the market spikes briefly before reversing.
Recap:
Plan A (Long): Buy at 0.007850 or higher, TP at 0.008418, SL at 0.007650.
Plan B (Short): Short around 0.007700, TP at 0.007650 or lower, SL above 0.007850.
Plan C (MACD): Look for MACD crosses for additional confirmation.
Plan D (Moving Average): Use the MA(60) as a key support/resistance for the trend.
Let me know if you'd like further details or adjustments!
