Panic is in control, and the price is dropping sharply... but this is where real opportunities begin! The currency has dropped to 0.749 after recently touching 1.047 – a decline of nearly 30%. This sharp drop could just be a shakeout before a new rise.
The risk is still present, but it is now lower than it was at the peaks. The price is currently at 0.779, close to a clear bottom, making the entry point relatively attractive. Technically, the RSI indicator is at low levels (32), indicating overselling, with a chance of a bullish reversal. Additionally, the stochastic indicator has begun to show a potential bullish crossover.
Gradual entry is the best option, with precise monitoring of price behavior. If a strong reversal candle (like a hammer or engulfing) appears, buying can be reinforced. The MACD is in a negative area, but the proximity of the lines to the crossover may precede a technical breakout.
If the price returns to 0.88 or 0.90, the return exceeds 13-15%, against limited risk if the stop loss is set below 0.74. This gives an attractive risk-to-reward ratio.
Markets reward those who buy in fear, not those who wait for media signals. The chart shows signs of exhaustion in the decline, and excessive selling may be nearing its end. The market is in a pressure phase, and a rebound may just be a matter of time.
Proposed targets:
First target: 0.86
Second target: 0.90
Stop loss: 0.735 (below the last bottom with a slight margin)
Click on the currency name to go to the trading page $WIF
The opportunity here is both psychological and technical. Is the market scared? Great... the smart trader moves now, not after the market rises.
