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๐ Market Structure: Trend Reversal
The 4-Hour chart displays a textbook Rounding Bottom (Saucer) formation. After a sharp drop to $0.0260, the price has stabilized and is slowly grinding upwards, indicating accumulation by smart money ๐ณ.
๐ง Technical Analysis:
MA Support: The price is holding firmly above the MA(7) at $0.0384 and MA(25) at $0.0348, confirming short-term bullish strength ๐.
Momentum Shift: The moving averages are curving upwards, signaling a shift from a downtrend to a potential Markup Phase.
Resistance Test: The immediate hurdle is the recent 24h high of $0.0422. A break above this level will trigger a larger rally ๐ฅ.
๐ TRADING SIGNAL (Swing Setup)
Trend: ๐ข Bullish (Recovery Mode)
Strategy: Buy on Support / Breakout
๐ฏ ENTRY ZONE:
Entry: $0.0380 - $0.0386 (Current level / Retest of MA7).
๐ฐ TAKE PROFIT (TP):
TP 1: $0.0422 (Recent Wick High / Resistance).
TP 2: $0.0500 (Psychological Target).
๐ STOP LOSS (SL):
SL: $0.0345 (Below the MA25 Support line).
