Technical Situation Analysis
Structure and Moving Averages: On the daily chart, the price is respecting the 200 EMA and the 100 MA, consolidating in a clear accumulation phase. In the microstructure (15M and 3M), the 9 EMA is attempting to cross above the 21 EMA, above the 50 MA, forming a short-term Golden Cross that confirms buying strength at the current level.
Strength and Volume (RSI): The RSI on the 15M and 3M charts shows a slight rebound from 38, moving out of the exhaustion zone without indicating overbought conditions (around 50). Volume is supportive, with absorption candles at the Fibonacci support levels.
Trade Setup (Long)
Ideal Entry Zone: $0.00980 - $0.00992 (Re-entry above the EMA 21)
TP1 (Conservative): $0.01025 (Immediate resistance and 0.382 Fib level)
TP2 (Intermediate): $0.01080 (Liquidity zone at the daily MA 50 / 0.618 Fib)
TP3 (Moonshot): $0.01165 (Bullish structural impulse extension)
Stop Loss (SL): $0.00955 (Invalidation below psychological support and the EMA 200)
Trade Range: Entry based on the technical bounce off the EMA 200 and MA 100, with the RSI exiting the exhaustion zone on the 15M/3M charts, keeping the uptrend and the structure of higher lows on the daily chart intact.