Posteo
$SPACE
SPACEUSDT price is currently at 0.007984 (+4.61% 24h), showing a sharp increase in momentum after the accumulation period.
On the 1-h frame, the large blue candle has broken many important MA lines (MA5, MA10, MA20), and at the same time surpassed the short-term resistance area around 0.0078 - 0.0080. The spike in trading volume accompanied by a strong green candle shows that the buying force is dominating.
Positive technical signals:
• The price is above most short-term MAs.
• MA5 and MA10 lines start to go up.
• The nearest support area is 0.0076 - 0.00725 (24h bottom).
Purchase recommendation:
It is possible to open a buy position around the area of 0.00785 - 0.0080 with a short-term target of 0.0085 - 0.0090 (up 6-12%). Stop-loss is set below 0.0075 for risk management.
Overall, the short-term trend is leaning towards the buying side, but the crypto market is very volatile, so it is necessary to follow the volume and the next confirmation candle. Only small capital and strict risk management should be used.
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