📊Technical analysis $NAORIS /USDT — 15min/1h timeframe
Current price ≈ 0.03890 USDT +20.10% rise, sharp rally from ~0.030–0.032 lows, accelerating upside with green candles.
Price action & Bollinger Bands: Price near upper BB (UP ~0.03933, MB ~0.03397, DN ~0.02861). Bands expanded on up move, price hugging upper band — overbought extension, potential short-term pullback/consolidation.
Volumes: Current ~6.42M, MA(5) ~87.2M, MA(10) ~46.5M — volume spike on recent green candles (strong buying pressure), now elevated on upside. Watch for dry-up on dips or surge on green.
Key indicators:
• MACD: Strongly positive (DIF 0.001667, DEA 0.00091, MACD 0.00076), histogram bullish — momentum up.
• RSI(6/12/24): 76.87 / 73.47 / 67.03 — overbought (RSI6 >75), exhaustion/pullback signal possible. Uptrend with overbought conditions + upper BB hug suggest short-term pullback likely before next leg up.
🟢 Long (moderate-high risk) Entry: 0.0380–0.0390 (current or dip to MB) TP1: 0.041–0.042 TP2: 0.044–0.046 SL: 0.0365–0.0370 R/R: ~1:3+ Comment: Good if RSI pullback + volume on green. Momentum favors continuation/scalp on dip.
🔴 Short (moderate risk) Entry: 0.041–0.042 (fade at upper extension/resistance) TP1: 0.0385–0.0380 TP2: 0.036–0.034 SL: 0.0435+ R/R: ~1:3+ Comment: Strong if rejection at resistance + MACD divergence. Counter-trend if overextension fades.
⚠️ Most likely scenario now Short-term pullback/consolidation from overbought levels (RSI>70–75) towards MB (~0.034) or slightly lower. Then possible continuation higher if strong volume support. Longs have structural edge in explosive uptrend; shorts only on clear rejection signals. High vol — tight risk, watch RSI/volume closely.