Technical Structure:

Wave A: 5-wave impulse completed at approx $0.89

Wave B: Currently in progress, forming an ABC correction

Wave A (down): Completed at approx $0.72

Wave B (up): Expected bounce to $0.82–$0.89

Wave C (down): Likely final dip into $0.42–$0.62 zone

The larger ABC could ultimately extend towards $6.20 in wave C long term.

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Key Levels to Watch:

Support Zone: $0.72 – $0.78 (current bounce zone)

B-Wave Resistance: $0.82 – $0.89

Invalidation for correction: Break above $0.893 may suggest wave B is already done and another bullish wave has started.

Major Buy Zone for Wave C: $0.42 – $0.62 (accumulation region if market continues lower)

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Trade Setup (For Swing/Position Traders):

Entry Zone (Long-term Accumulation): $0.42 – $0.62

Short-term Bounce Trade: Entry at $0.74–$0.78

Target 1: $0.82

Target 2: $0.89

Stop Loss: Below $0.70 for short-term trade

Risk Allocation: 3%–5% of portfolio

Leverage: Spot or low leverage preferred due to correction phase