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Scalp Trade Analysis (15m Chart)

Key Observations:

โ€ข Current Price: $0.17234

โ€ข Support: Found a bounce at $0.17167, which is close to the MA(99) at $0.17156 (potential strong support).

โ€ข Resistance Levels:

โ€ข $0.17298 (MA7) โ†’ Short-term resistance.

โ€ข $0.17310 (MA25) โ†’ Needs to break for continuation.

โ€ข $0.175+ โ†’ Last peak before rejection.

โ€ข RSI(6): 36.11 (approaching oversold, possible bounce).

Scalp Trade Setup:

โœ… Entry: Around $0.1723โ€“$0.1724 (as long as it holds above $0.1717).

๐ŸŽฏ Target: $0.1729โ€“$0.1731 for a quick scalp. If strong momentum, aim for $0.1745.

โŒ Stop Loss: Below $0.1715 (tight stop to limit risk).

Trade Verdict:

โ€ข Possible scalp opportunity, but it depends on volume picking up and breaking MA(7) resistance.

โ€ข If price drops below $0.1715, it could test $0.1709, so be cautious.

โ€ข If unsure, wait for a break above $0.1729 before entering.

Would you like a tighter strategy or more confirmation signals?