• Range: The upper band is around $0.10, and the lower band is around $0.085, defining a potential trading range.
  • The price is below the middle Bollinger Band, which aligns with a possible bearish bias in the short term.
  • There has been no strong breakout above the middle band, indicating that the downtrend may still be in play.
  • Volume seems relatively steady without any significant spikes, suggesting no major buying or selling pressure at this time.
  • A break above the middle Bollinger Band (near $0.10) could indicate a potential bullish reversal.
  • On the downside, if the price breaks below the lower Bollinger Band ($0.085), it could signal further downside movement.
  • Wait for a breakout from the Bollinger Band squeeze to gauge the next direction.
  • Watch for a move above the middle band ($0.10) for a potential long trade with the upper Bollinger Band as a target.
  • Alternatively, if the price fails to hold above $0.085, a short position could be considered with a tight stop.
Technical IndicatorsTrend Analysis

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