GTC
Long Trade:
Entry Idea:
Conservative: Wait for a clear retest and bounce from a stronger support zone around $0.30 - $0.35.
Aggressive: A confirmed break and sustained close above immediate resistance at $0.47 - $0.48 could signal a continuation of the rally.
Targets:
Short-term: $0.50 - $0.55
Mid-term: $0.60 - $0.70
Potential stretched target: $0.75 - $0.80
Stop-Loss (example): Below $0.40 or $0.35 (depending on entry and risk tolerance).
Short Trade:
Entry Idea: If GTC fails to break above $0.47 - $0.48 and is rejected with strong bearish confirmation, or if it breaks down convincingly below the key support at $0.40.
Targets:
Short-term: $0.40 - $0.42
Mid-term: $0.35 - $0.38
Stop-Loss (example): Above $0.48 or $0.50.
Key Support & Resistance Levels:
Resistance: $0.47, $0.48, $0.50, $0.55
Support: $0.40, $0.35, $0.30
