#CGN Technical Analysis for coin CGN/USDT

🔹 Current price: 0.0244
🔹 MACD (: Close to the zero line, which means that the momentum is currently balanced between buying and selling.
🔹 Moving Averages:

MA5 = 0.0247 )Slightly above the current price, near resistance(

MA10 = 0.0235 )First Support(

MA30 = 0.0215 )Main Support(

🔹 Price Action:

The price previously rose to 0.0287 then corrected to around 0.02, and now it is trying to hold around 0.024.

This indicates that the coin is currently in a accumulation phase after a strong correction.

The presence of small green candles after the decline indicates that buyers have started to gradually return.

🔹 Important areas:

Strong support: 0.020 – 0.021

Secondary support: 0.023

First resistance: 0.0275

Second resistance: 0.029 – 0.03

🔹 Short-term forecast )Short-term Analysis(:

If the price maintains support at 0.023–0.024, it may rise again to test 0.0275.

If it breaks below 0.021 with a clear close, it may retest the areas of 0.018–0.019.

🔹 The recommendation ) is not investment advice (:

Who entered at 0.028: It is better to wait for a clear breakout above 0.0275 to confirm the upward return.

For those looking to buy: the 0.021–0.023 area is considered good for gradual entry with a stop loss below 0.019.

The potential target in case of an upward movement: 0.0275 then 0.03, and if it breaks through, we could see 0.035.

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