1️⃣ Chart Analysis (1h timeframe):
Current Price: $0.7493
Support Zone: ~$0.7450–0.7430 (recent lows)
Resistance Zone: ~$0.7750–0.7760 (recent highs)
Trend: Downward correction after rejection at ~$0.7756.
Indicators:
RSI (6): ~30.5, near oversold, suggests possible short-term bounce.
MA(7) / MA(25) / MA(99):
Price below short-term MAs, indicating bearish momentum.
Volume: Spike on selling candles suggests sellers in control.
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2️⃣ Entry Point Suggestion:
Entry: 0.7470–0.7500 zone
Just above the current support level. Wait for a small bullish candle confirmation (e.g., hammer or bullish engulfing on 1h/15m) before entering.
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3️⃣ Stop-Loss:
Stop-Loss: 0.7425
Just below the swing low at 0.7434 to give room for a possible wick.
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4️⃣ Take-Profit Targets:
Target Price Level Rationale
TP1 0.7600 Near short-term resistance (MA(7)/MA(25))
TP2 0.7700–0.7750 Recent swing high zone
TP3 0.7800 Psychological level + potential breakout
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5️⃣ Risk/Reward:
For example:
Entry: 0.7480
SL: 0.7425
TP1: 0.7600 → RR ~2:1
TP2: 0.7700 → RR ~3.5:1
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6️⃣ Plan Summary:
✅ Entry: ~0.7480
✅ Stop-Loss: 0.7425
✅ Take-Profit 1: 0.7600
✅ Take-Profit 2: 0.7700
✅ Take-Profit 3: 0.7800 (Optional)
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