🔍 What’s happening technically
Price just made a strong impulse candle from ~0.00465 → 0.00500, with high volume expansion.
EMA(7), EMA(25), EMA(99) were tightly compressed → classic volatility squeeze.
That big green candle reclaims EMA(99) and pushes price above all short/mid EMAs → bullish shift.
Volume spike confirms this isn’t a random wick — real participation stepped in.
📊 Key Levels
Immediate resistance: 0.00500 – 0.00503 (you already tagged it perfectly)
Break & hold above 0.0050: opens room toward
0.00520
0.00540
Strong support now: 0.00472 – 0.00475 (EMA cluster zone)
Invalidation: clean breakdown below 0.00465
🧠 Market Structure Read
Before breakout: range-bound, choppy, EMA whipsaws
Now: range high taken + EMA(99) flipped
This looks like either:
Continuation breakout if price holds above 0.00485
Liquidity sweep + pullback to EMA zone before next leg
🎯 Trade Ideas (not financial advice)
Aggressive longs: after a shallow pullback above 0.00485
Safer entry: retest of 0.00472–0.00475 with volume drying up
TP mindset: scale partials near 0.00520, let runner ride if momentum stays hot
⚠️ One thing to watch
That wick is strong — if the next few candles fail to close above 0.0050, expect a cool-off retrace, not immediate continuation. That’s normal, not bearish.
If you want, tell me:
timeframe (15m / 1h / 4h?)
spot or perp?
scalp or swing?
I’ll fine-tune entries like a sniper 🎯