#DanielNadem
Long Trade Setup:
– Price is holding at 0.3734 after a strong impulsive move up from the 0.2234 level. It is currently trading well above both the 7-day and 25-day moving averages, showing solid bullish momentum.
– The 0.3000 level is the major support that needs to hold on any pullbacks to keep the current trend intact.
– A break above the recent high of 0.3942 would clear the way for a move toward the next significant resistance at 0.4618.
Risk Note:
– The price has moved up very quickly, so there is a risk of a sharp correction if buyers don't step in to support the current levels.
Next Move:
– I am watching for price to consolidate above 0.3500. If it stays stable here, I expect another attempt to break the 0.4000 psychological barrier.
