📌 Currency / Symbol: SUN ☀️ $SUN
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Type of Trade: Spot Trading — Buy (LONG) 🚀
👈🏻 Entry Area: 0.0228 – 0.0230
(The currency is moving within a narrow cumulative range with indicators showing strong accumulation before the breakout.)
💰 Targets (Take Profit):
🏹 First Target: 0.0245
🔖 Note: A clear break above the level of 0.0232 will confirm the beginning of upward momentum towards this target.
💸 Second Target: 0.0252
🔖 Note: Represents the next resistance that may witness partial profit-taking from early traders.
👑 Third Target: 0.0260
🔖 Note: The extended target in case the buying strength continues and the price remains above 0.024, which enhances the chances of a broader upward wave.
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🛑 Stop Loss: 0.0223
(Breaking this level means a weakness in the current momentum and the beginning of a short-term correction.)
📊 Currency Analysis:
The SUN currency shows healthy horizontal accumulation after a slight decline, indicating readiness for a new upward wave. Maintaining the price above 0.0228 with increased buying volume will enhance the chances of a breakout towards 0.025+.
💼 Capital Management Advice:
Do not use more than 10% of the total capital in a single trade, and upon achieving the first target, it is advisable to move the stop loss to the entry point to secure profit.
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