■□ TECHNICAL ANALYSIS UPDATE [ $4 ]
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$4 is showing signs of a strong bullish reversal after testing a recent low of 0.01599. The price has now broken above the EMA7 (0.01704) and EMA25 (0.01799), indicating that short-term momentum is shifting bullish. This upward move is accompanied by a large green candle on increasing volume, which is a classic impulsive move, signaling strong buying pressure and potential continuation of the trend.
The 4h chart also shows that EMA99 (0.02123) is still above the current price, which could act as a medium-term resistance. However, the impulsive breakout suggests that buyers are gaining control, and this could fuel a short-term rally toward the next resistance around 0.019–0.0195. Traders looking for entries might consider long positions on pullbacks near EMA7 or EMA25 while keeping a stop-loss below 0.0165 to manage risk.
● Entry : 0.01680 - 0.01770
● Targets :
0.01930 [ 1st Resistance ]
0.02123 [ 2nd EMA Resistance ]
0.02500 ++ [ Expansion After Breakout Of All Key Resistance Levels ]
● Stoploss : 0.01620
Conclusion: The combination of the impulsive breakout, EMA cross, and rising volume makes this a potential bullish opportunity for short-term traders, with room for continuation if momentum holds.