$CTSI
Short-Term Setup
Entry: $0.03710 – $0.03750 (Current market price/Immediate bounce)
Trading Setup (Scalp/Intraday)
Entry Price: $0.03710 – $0.03750 * Reason: You want to enter as it stabilizes above the 0.03700 psychological level or wait for a small green candle to confirm the bounce from the current 0.03608 support zone.
Stop Loss (SL): $0.03450
Reason: This is placed just below the low of the yellow support zone shown on your chart (0.03465). If it breaks this, the bullish structure is invalidated.
Take Profit (TP):
TP1: $0.04040 (Near the purple MA99 and recent consolidation peak).
TP2: $0.04320 (The red resistance line clearly marked on your chart).
TP3: $0.04500 (Recent high/Major resistance zone).
Technical Observations from your Chart:
Support/Resistance: You have a clear yellow support zone between $0.03465 and $0.03600 which is currently holding. Resistance is stiff at $0.04320.
RSI (20): Currently at 43.95, which is neutral. It has room to move upward before becoming overbought (70+).
MACD: The histogram is showing decreasing bearish momentum (red bars getting smaller), suggesting a potential bullish crossover could happen soon.
Moving Averages: The price is currently below the MA7, MA25, and MA99. A break above the MA25 ($0.03870) would be a strong signal for a move toward $0.040+.