Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• While the price is above the support 4.188, beginning of uptrend is expected.
• We make sure when the resistance at 6.439 breaks.
• If the support at 4.188 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
• A trough is formed in daily chart at 4.188 on 05/12/2023, so more gains to resistance(s) 5.213 and maximum to Major Resistance (6.439) 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 57.