Entry Area: ✅
🔹 $0.7200 - $0.7350
---
🎯 Targets:
✅ First Target: $0.7500
✅ Second Target: $0.7700
✅ Third Target: $0.8000
---
🛑 Stop Loss:
🔻 $0.7100
---
📊 Technical Analysis:
🔸 The price broke strong resistance at $0.7250 and rose to $0.7442, indicating strong buying momentum.
🔸 Relative Strength Index (RSI = 61.47) is still in a good upward range and has not reached the overbought area (70+), indicating room for upward movement.
🔸 MACD shows a slight positive crossover and entry into the positive area, supporting the uptrend.
🔸 Trading volume increased significantly with the last bullish candle, which is a confirmed signal of buying strength.
---
💡 Confirmation of Uptrend:
A clear breakout above $0.7450 could pave the way towards $0.7700 then $0.8000 in the coming days.
---
📢 Risk Management:
✔️ Take partial profits at each target to secure gains.
✔️ Move the stop loss to the entry point after achieving the first target.
✔️ Breaking the $0.7100 level weakens the bullish scenario and may indicate a correction.
---
My Opinion:
The upward trend remains strong after the sharp rebound from the low at $0.7138, and there are good opportunities to achieve higher targets provided the current momentum is maintained. Watch the $0.7450 area as it represents an important psychological and technical barrier.
Are you considering entering this trade?