Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.0805 to 0.0745). 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 (0.0805)
• Ending of entry zone (0.0745)

Midterm forecast:

• While the price is above the support 0.0745, beginning of uptrend is expected.
• We make sure when the resistance at 0.1125 breaks.
• If the support at 0.0745 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 0.0755 on 08/05/2024, so more gains to resistance(s) 0.1010 and maximum to Major Resistance (0.1125) is expected.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 49.

Take Profits:

1. 0.0950
2. 0.1010
3. 0.1125
4. 0.1240
5. 0.1370
6. 0.1465
7. 0.1625
8. 0.1810
9. 0.1975
10. 0.2415
11. 0.3051
12. 0.4265
13. 0.4965
14. 0.5690
15. 0.6905
16. 0.7975