Post
$OFC
Trends and Indicators
• Price structure: OFC is in a strong uptrend (uptrend). The price continuously creates higher post-bottoms and is maintaining on all moving averages (MAs).
• MA line: MA lines (5, 10, 20, 30, 60, 120) are diverging positively and upwards, indicating overwhelming buying power in the medium and long term. In particular, MA20 ($0,05111) is acting as a very good dynamic support line.
• Volume (Volume): The trading volume has a slight decrease when the price goes sideways at the peak, showing the accumulation before determining a new direction.
Trading strategy
• Support zone: (near MA10) and hard support zone at (MA20).
• Resistance zone: The old peak is at and further than the psychological zone.
Advice: 1. Buy new: Do not fomo swing at the current price (). Should wait for the adjustment rhythm (retest) to the region or safer $0.051 - $0.052.
2. Take profit: Short-term target around .
3. Stop loss: If the price closes the candle below the area (breaking the 4h increase structure).

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