Heeee LUA 🫰🏾🌝
#duck Data that the chart shows:
Last price: 0.07591
Maximum 24h: 0.08410
Minimum 24h: 0.05247
Variation: +44.26%
RSI (6): 70.53 → light overbought region
Bollinger Bands:
Upper (UP): 0.07751
Middle (MB): 0.06877
Lower (DN): 0.06003
MACD: crossing positive
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📊 TECHNICAL ANALYSIS
1. Trend
The trend is strongly bullish — candles above the short moving average (MA5 and MA10) and breaking the upper Bollinger band.
The volume confirms the movement (increase with price rise).
However, the RSI is already near 70, indicating possible exhaustion of buying strength (overbought zone).
➡️ Conclusion: bullish trend, but the moment is stretched; there may be a short correction before continuing to rise.
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2. Reference Points
🟢 Entry (Buy / “Long”)
Wait for a slight retracement to support zones before entering.
Possible safe entries:
0.0725 – 0.0730 (support at the 10-period average and previous resistance)
Confirm entry only if there is a buying reaction (green reversal candle) and volume starts to rise again.
🔴 Stop Loss
Set the stop a little below the previous support, to protect your capital.
Example: 0.0695 – 0.0700
If the price closes below the 10-period average (MA10), it is a sign of weakness.
🟢 Take Profit (Exit with profit)
Next resistance: 0.0815 – 0.0840
(zone where the price has already touched the previous top)
You can take partial profit at 0.0810 and leave the remainder until 0.0840 with an adjusted trailing stop.
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3. Important Confirmations
Before opening the position:
1. Wait for the RSI to drop to ~60–65 (reduction of overbought).
2. See if the MACD continues to open upwards (indicating strength).
3. Observe if the volume starts to rise again when the price touches the average — this shows buyers entering.
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4. For short position (Sell)
Only if:
RSI exceeds 80 and starts to drop.
Strong red candle breaking 0.0750 with high volume.
Entry: 0.0750 – 0.0745
Target: 0.0705
Stop: 0.0785