$OPEN The price is holding around 1.28 after a wild increase from 0.20 to a peak of 3.65. The volume remains strong, but the long candle indicates that sellers have started to take profits.

Trade Setup

• Entry: 1.25 – 1.30 if the candle holds above 1.20

• Stop Loss: 1.10 (hold in position and keep until near support)

• Target 1: 1.55

• Target 2: 1.95

• Target 3: 2.30

Levels to Watch

Support is at 1.20–1.10, resistance at 1.55, then 1.95–2.30.

On the 15-minute chart, we have a vertical rocket followed by tight sideways action. Holding above 1.20 keeps the bulls alive for the next rally; losing that area could pull it back for a deeper decline.