From here ⬇️👇
Current status: The currency is undergoing a technical correction after touching a peak at 0.07174. The current price is 0.07062, trading now below the fast moving average MA(7) of 0.07100, but still stable above the longer averages MA(25) and MA(99).
Momentum (RSI): The Relative Strength Index is in a completely neutral area at 50.14, indicating a temporary halt in buying pressure and the need for the price to gather new liquidity before determining the next direction.
Entry: It is preferable to wait for a return above the level of 0.07100 to confirm the end of the correction, or to monitor the strong support at 0.06997 (MA25) as a potential bounce area.
Targets: 0.07174 (previous peak) / 0.07300 / 0.07500.
Stop loss: Close an hour below the support level of 0.06821.
