Jager coin is experiencing increased activity after the launch of the FomoHunt game, with bullish indicators at current support levels, suggesting the possibility of a short-term upward wave.
๐ Technical Analysis:
Current price: around $0.00000000012
Strong support area: between $0.000115 โ $0.000118
Resistance area: $0.000125 โ $0.000128
Technical indicators:
The RSI index rose from 45 to 53, indicating the beginning of good buying momentum.
The 50-day moving average below the current price reinforces support levels.
Trading volume increased by ~8% after the announcement of the last game events.
๐ก General Outlook:
If the price maintains support at $0.000118, it is expected to test resistance at $0.000125 first, and if the momentum continues, it could reach $0.000128.
Breaking support may lead to a correction towards $0.000112 โ $0.000115.
๐ง Educational Recommendation:
Educational buy trade (not a financial recommendation):
Suggested entry point: 0.00000000118 โ 0.00000000012
Stop loss: 0.000115
First target: 0.000000000125
Second target: 0.000000000128
Risk-to-reward ratio: 1 : 2.5
To buy ๐๐ป๐๐ป
โ ๏ธ Educational Alert:
It is advisable to monitor price movement at the first resistance before extending the trade to the second target, especially with movements in currencies related to games.
โDYOR
@ZED US