Long: price at 0.00614 on the 4-hour timeframe.
Holding above 0.00614 opens the way to 0.00642, then 0.00657.
A break below 0.00591 invalidates the idea.
I’m watching to see whether buyers defend this level before anything else.
Analysis:
- The 4-hour price at 0.00616 is above the EMA50 at 0.00594, so the trend structure still favors buyers
- The daily price is above the EMA200 at 0.00304, and the broader trend favors this direction
- Risk is 4.1% to the stop loss versus 6.6% to the third target, or around 1.6R if price reaches the full target
🟢 Buy · Entry 0.006143–0.006185 · Targets 0.006316 / 0.006418 / 0.006570 · Stop loss 0.005910
Holding above 0.00614 opens the way to 0.00642, then 0.00657.
A break below 0.00591 invalidates the idea.
I’m watching to see whether buyers defend this level before anything else.
Analysis:
- The 4-hour price at 0.00616 is above the EMA50 at 0.00594, so the trend structure still favors buyers
- The daily price is above the EMA200 at 0.00304, and the broader trend favors this direction
- Risk is 4.1% to the stop loss versus 6.6% to the third target, or around 1.6R if price reaches the full target
🟢 Buy · Entry 0.006143–0.006185 · Targets 0.006316 / 0.006418 / 0.006570 · Stop loss 0.005910