$C98 Trade Signal or complete review
use stop loss always
📊 Trade Signal Summary
· Asset: C98/USDT
· Current Price: $0.0277
· Timeframe: 4H/1D
· Signal Type: Cautiously Bullish (for a swing trade)
· Risk Level: Medium-High
📈 Key Technical Observations
1. Price Structure
· C98 is trading near the lower range of its 2024 price action ($0.024–$0.045).
· Recent higher low formed around $0.025, suggesting potential support.
· A break above $0.030 could signal the start of a stronger upward move.
2. Moving Averages
· Daily MA 50: ~$0.029 (slightly above current price → resistance)
· Daily MA 200: ~$0.026 (below price → support)
· Price is between MA50 and MA200 → consolidation phase.
3. RSI (Daily)
· RSI around 48 → neutral, no overbought/oversold pressure.
· Room for upward momentum before overbought (70+).
4. Volume
· Volume has been declining during recent consolidation — breakout above $0.0285 likely needs volume confirmation.
5. Key Levels
· Support: $0.0260 → $0.0245 (strong)
· Resistance: $0.0290 → $0.0305 → $0.0340
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🎯 Trade Plan Scenarios
✅ Long Setup (if bullish momentum returns)
· Entry Zone: $0.0275–$0.0280
· Stop Loss: $0.0249 (below recent swing low)
· Take Profit Targets:
· TP1: $0.0305
· TP2: $0.0340
· TP3: $0.0380
· Risk/Reward: ~1:3 if targeting $0.034
⚠️ Invalidation Condition
· Daily close below $0.0245 would negate bullish structure.
📉 Alternative Scenario (if bearish)
· If price fails to hold $0.027 and breaks $0.026, next support is $0.024.
· No short recommendation unless clear breakdown occurs with volume.
⚠️ Disclaimer
This is not financial advice. Always do your own research. Cryptocurrency trading carries significant risk. Past performance does not guarantee future results. Manage position sizing and use strict risk management (1–2% max risk per trade).$C98