I drew a downward trend for currency #NEİRO on the daily frame.
Scenario One: Breaking the trend
If the price breaks the blue line upwards with a strong daily close, it could be a signal:
Buy or reinforce a buy position.
First target: 0.00048775
Second target: 0.00061361
Make sure that the trading volume supports the breakout.
Scenario Two: Failure to break and rebound.
If the price fails to break the trend and starts to decline,
You might enter a short-term sell position
or wait for a retest of support.
Currently strong support: 0.0003878 and 0.00023603
My advice to myself and to you
is to watch the interaction with the trend in the coming days.
Do not enter without confirmation from trading volume + clear daily close.
Always place a stop loss below the last support or directly under the trend (if you are a buyer).