Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.1475 to 0.1305). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (0.1475)
• Ending of entry zone (0.1305)

Midterm forecast:

• While the price is above the support 0.1305, beginning of uptrend is expected.
• We make sure when the resistance at 0.1935 breaks.
• If the support at 0.1305 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 0.1475 on 09/06/2024, so more gains to resistance(s) 0.1785 and maximum to Major Resistance (0.1935) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 50.

Take Profits:

1. 0.1785
2. 0.1935
3. 0.2290
4. 0.2600
5. 0.2835
6. 0.3550
7. 0.3840
8. 0.4800
9. 0.5780
10. 0.8000
11. 0.9800
12. 1.3800
13. 1.6480
14. 1.9290