🔥 1. What is happening now?
The price has risen sharply from 0.00005881 to 0.00006457
EMA7 and EMA25 above EMA99 → Strong bullish trend
Formation of strong bullish candles without significant correction.
---
📈 2. RSI Indicator
RSI = 75
→ The currency is now in the overbought zone
This means the likelihood of a correction or decline has increased.
---
📊 3. MACD
MACD is positive and crossing upwards
→ The bullish momentum is still ongoing.
---
🧭 4. Upcoming resistances
The price is now approaching a strong resistance at:
0.00006500 – 0.00006620
This is an area where:
There could be a strong breakout (if liquidity is high)
Or a downward correction
---
🛑 5. Is this a buying point now?
❗ Currently no — because RSI is high and the price is at resistance.
Entering now carries high risk as a corrective drop may occur.
---
🎯 Suggested excellent buying point
If you choose to wait:
✔ Strong buying support:
0.00006250 – 0.00006300
(This level represents a retest of the EMA7 + EMA25 moving averages)
---
🎯 Profit targets (Take Profit)
In case of buying from the support area:
1. 0.00006500
2. 0.00006620
3. 0.00006760 (if there is a strong breakout)
---
🛡 Stop Loss
Place the stop loss at: 0.00006120
---
🧠 Summary
The currency is strong now in an upward trend, but you have reached a resistance area + RSI is high.
The best: Wait for a slight drop then enter.
If the price breaks 0.00006620 with a strong candle → the rise will continue
