$TAG The TAG chart shows a massive recovery from the 0.00025 floor which is a strong bullish sign for a long position ๐
Price has just pierced the purple MA(99) line indicating that the long-term trend is flipping from bearish to bullish ๐
The green candle has high volume support which means the big players are actually buying this breakout rather than it being a trap ๐
You should look for a long entry because the next major resistance isn't until the previous peak near 0.00062 area ๐ฏ
A short position here would be very risky as you would be betting against a fresh momentum breakout with rising volume โ ๏ธ
If you go long try to set your stop loss just below the yellow MA(7) line to protect your trade from a sudden dump ๐ก๏ธ
The 0.00045 level is currently acting as a launchpad and staying above it confirms the bulls are in full control ๐๏ธ
Expect some volatility but the "V-shape" bottom on the daily chart usually leads to much higher price targets over time ๐
Since the market cap is still relatively low under $50M there is huge potential for a "moon bag" if the hype continues ๐
I have drawn a clear arrow on the image below to show you the path toward the target resistance zone for your long trade โจ
$TAG
#MarketRebound
Price has just pierced the purple MA(99) line indicating that the long-term trend is flipping from bearish to bullish ๐
The green candle has high volume support which means the big players are actually buying this breakout rather than it being a trap ๐
You should look for a long entry because the next major resistance isn't until the previous peak near 0.00062 area ๐ฏ
A short position here would be very risky as you would be betting against a fresh momentum breakout with rising volume โ ๏ธ
If you go long try to set your stop loss just below the yellow MA(7) line to protect your trade from a sudden dump ๐ก๏ธ
The 0.00045 level is currently acting as a launchpad and staying above it confirms the bulls are in full control ๐๏ธ
Expect some volatility but the "V-shape" bottom on the daily chart usually leads to much higher price targets over time ๐
Since the market cap is still relatively low under $50M there is huge potential for a "moon bag" if the hype continues ๐
I have drawn a clear arrow on the image below to show you the path toward the target resistance zone for your long trade โจ
$TAG
#MarketRebound