📌 Market Overview:
The price is in a downtrend but showing signs of potential reversal.
Currently trading near 0.1264, close to key support (0.1644).
The falling wedge/descending channel suggests a possible breakout.
RSI bullish divergence indicates weakening bearish pressure.
📈 Trade Plan: Long Position (BUY Setup)
🎯 Entry: At Current Market Price (CMP) ~0.1264
🎯 Take Profit Targets:
First Target (Resistance Level): 0.1644
Second Target: 0.22 - 0.25 (Next major resistance)
Final Target (Long-term Potential): 0.30 - 0.35
🔻 Stop-Loss:
Below 0.1152, as a break below this level invalidates the bullish setup.
The price is in a downtrend but showing signs of potential reversal.
Currently trading near 0.1264, close to key support (0.1644).
The falling wedge/descending channel suggests a possible breakout.
RSI bullish divergence indicates weakening bearish pressure.
📈 Trade Plan: Long Position (BUY Setup)
🎯 Entry: At Current Market Price (CMP) ~0.1264
🎯 Take Profit Targets:
First Target (Resistance Level): 0.1644
Second Target: 0.22 - 0.25 (Next major resistance)
Final Target (Long-term Potential): 0.30 - 0.35
🔻 Stop-Loss:
Below 0.1152, as a break below this level invalidates the bullish setup.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.