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PESONA - POTENTIAL BULLISH SENTIMENTThe chart depicts a corrective N-wave within a broader uptrend, with prices around 0.430. The price remains above the Kumo, indicating a bullish bias is intact. The Kumo is rising and shows a supportive base near 0.385–0.405. This aligns closely with the NT level, reinforcing it as a key support zone. The Tenkan-sen (short-term) is beginning to turn upward after a brief flattening. The Kijun-sen (medium-term) lies around 0.420–0.425, acting as dynamic support. The price has recently rebounded above both lines, a positive signal suggesting momentum recovery. The Chikou Span is above the price candles and above the Kumo, confirming the bullish continuation bias. Volume has been mixed; a breakout with solid volume would validate the move. After an impulse move higher, the N-wave suggests a corrective pullback and potential resumption of the uptrend if the price stay above NT. If price fails to clear the NT level with volume, the counter could revert toward the 0.40–0.38 area. Bullish price action above NT with higher volume; candle closes above 0.445 would strengthen the case for a move toward 0.48–0.50. Entry: Enter long if price stay above NT (~0.435–0.445) with confirming volume and a bullish candlestick. Stop Loss: Place SL below recent swing low, around 0.405–0.400. If price reverses below NT after breakout, consider exiting or tightening stop to protect capital. Monitor volume spikes on the breakout, and look for a daily close above 0.445 for stronger conviction. Notes: 1. Analysis for education purpose only. 2. Trade at your own risk.
MYX:PESONALong
by mg6112