Based on the indicators (MA – RSI – MACD – Volume), this is the concise and accurate analysis:
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🔹 First: General Trend (Trend)
The price is at 0.5296 and has been moving in a descending channel for a while.
The MA7 and MA25 averages are above the price → selling pressure is still dominant.
The last significant low at 0.4660 is a strong support for the currency.
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🔹 Secondly: Technical Indicators
RSI
RSI(14) = 41 → Neutral area leaning towards a decline, but close to buy zones.
MACD
MACD in a negative area, but approaching a potential bullish crossover (the histogram is shrinking).
This indicates a potential start of a rebound soon, but it hasn’t been confirmed yet.
Volume
Trading volume is low → no strong entry for buyers currently.
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🔹 Third: Important supports and resistances
Supports
0.5100 small support.
0.4660 very strong main support (potential rebound area).
Resistances
0.6000
0.7500
0.8200
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🔹 Fourth: Summary and plan
📉 The currency is currently in a downtrend, but approaching a potential rebound area.
Best buying areas (high opportunities):
Between 0.48 – 0.51
Best point and strong rebound at 0.4660 if it returns to it.
Upcoming rebound targets:
Target 1: 0.600
Target 2: 0.750
Target 3: 0.820 (if large liquidity enters)
Stop loss:
Closing of the hourly candle below 0.460.
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*️⃣If you want, I can analyze for you on the daily frame too or prepare an entry plan — just let me know.
