Current Price: $0.0482 (-6.5%)
Trading Levels: • Tp1 (Conservative): $0.0520 (Initial target to secure gains after the rebound) • Tp2 (Intermediate): $0.0585 (Target based on the next key resistance) • Tp3 (Moonshot): $0.0710 (Extended target if the trend reverses strongly) • Stop Loss: $0.0445 (Strict protection against support loss)
Ideal Entry Zone: $0.0470 - $0.0482
Impulse Zone: $0.0500 - $0.0515
Main Technical Indicators:
• RSI (38.4): It is positioned in the lower range, nearing the oversold zone (<30). This reflects strong selling pressure from panic in the short term, increasing the likelihood of an imminent technical rebound if the current floor holds, staying away from the overbought zone (>70) and below the neutral midline (50).
• EMA (9, 21, 200) and MA (50, 100): The fast EMAs (9 and 21) operate below the EMA 200, aligned with the MAs (50, 100) in a clear bearish structure that defines the asset’s primary trend on daily timeframes.
• MACD: Shows a clear bearish crossover where the main line is below the signal line. The histogram reflects expanding red bars, indicating that the selling momentum continues to control the market and warns of the continuation of the current corrective phase.