The price has retraced to 0.5 Fib level from all time high and now broke above the descending trendline and also decisively broke above the previous higher high at 0.28 area. MACD is about to cross and move up into the bull territory. You can wait for MACD lines to cross above 0, however, Stochastic (9,3,3,) and RSI clearly crossed and pointing upwards above 50 level in 4H chart. 0.27-0.28 is a good entry to buy. Stop loss at 0.22 and Profit target at 0.427 will give you risk reward ratio of 2.84 if you want to trade. But I think it will go much higher. I personally buy the underlying asset (no leverage) and hold it until momentum indicators start to show clear negative divergence.
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