$1. Buying Zone (Entry Area)
Suggested Entry: $0.2040 – $0.2080
Reason: This zone is near the 25-period MA ($0.2049) which is acting as dynamic support. Price recently pulled back and is holding above this level, indicating possible continuation of the uptrend.
Also close to prior consolidation before the breakout.
2. Stop Loss (SL)
Recommended SL: $0.1960
Reason: Below previous minor support and a significant horizontal level. A break below $0.1960 could signal a trend reversal or deeper correction.
3. Take Profit (TP) Targets
TP1: $0.2250
Near recent highs; expect initial resistance here.
TP2: $0.2350 – $0.2380
Reason: Recent peak at $0.2356 – if momentum continues, this is a likely test zone.
Trade Snapshot
Entry: ~$0.2060
SL: ~$0.1960 (Risk: $0.01)
TP1: ~$0.2250 (Reward: $0.019) → Risk:Reward ~1:1.9
TP2: ~$0.2350 (Reward: $0.029) → Risk:Reward ~1:2.9
Technical Summary
Uptrend is intact, with price above all MAs (MA7 > MA25 > MA99).
Minor retracement from the $0.2356 high is normal.
Volume spike on recent green candle shows buying interest is still strong.