$1000RATS Based on the chart provided, here is the technical structure for a potential Long position:
Market Bias: Bullish (Price is above MA7, MA25, and MA99).
Entry Zone: * Aggressive: $0.0542 (Current market price if it holds the MA7).
Conservative: $0.0531 (Wait for a retest of the MA25/Previous support).
Take Profit (TP) Targets:
TP1: $0.0655 (Psychological barrier/Next level).
TP2: $0.0875 (Extension target).
Stop Loss (SL): $0.0515 (Below the recent swing low and the MA25).
Technical Observations:
Consolidation: The price is "flagging" near the top. Usually, when a coin holds its gains after a 20% pump without a deep dump, it indicates further upside.
Moving Averages: The MA7 (yellow) is acting as immediate dynamic support. As long as candles close above this, the micro-trend is parabolic.
Volume: There was a significant volume spike during the move up, and volume is now tapering off during the sideways movement—this is a classic "bull flag" characteristic.
