$S : Reclaims Key Resistance Level: Flip to Support Complete
LONG SETUP S
Entry: $0.06000 - $0.06040
Stop Loss: $0.05790
Take Profit: $0.06480 (2R)
Key Levels: Support $0.05840 | Resistance $0.06901
Technical Analysis for $S : RSI at 65.4 and ADX 55 show strong upward momentum. Price sits above EMA9, EMA21, EMA50 and EMA200, confirming bullish trend. MACD histogram is positive, and the orderbook shows a 14% bid imbalance. Immediate resistance lies near 0.062, while support sits around 0.0603, keeping upside bias. Volume remains solid despite a recent dip, reinforcing the move.
Market Context: BTC is trading bullish on the daily, with price near $83,736 and EMA20 above EMA50, while 72% of the market is green
LONG $S
LONG SETUP S
Entry: $0.06000 - $0.06040
Stop Loss: $0.05790
Take Profit: $0.06480 (2R)
Key Levels: Support $0.05840 | Resistance $0.06901
Technical Analysis for $S : RSI at 65.4 and ADX 55 show strong upward momentum. Price sits above EMA9, EMA21, EMA50 and EMA200, confirming bullish trend. MACD histogram is positive, and the orderbook shows a 14% bid imbalance. Immediate resistance lies near 0.062, while support sits around 0.0603, keeping upside bias. Volume remains solid despite a recent dip, reinforcing the move.
Market Context: BTC is trading bullish on the daily, with price near $83,736 and EMA20 above EMA50, while 72% of the market is green
LONG $S