$LA Analysis 🚀
Entry Points: Consider entering a long position if the price breaks above the recent high around 0.3090 with strong bullish momentum (e.g., a green candlestick close above this level). This could indicate a reversal from the current downtrend.
Stop Loss Placement: Place a stop-loss below the recent low around 0.2917 to protect against a continuation of the downtrend. A buffer of a few pips (e.g., around 0.2900) could be added for safety.
Take Profit Target: Aim for a take profit target near the previous resistance level around 0.3400, which aligns with the upper range of the chart’s recent price action.
