(Currency $D ) with the integration of three schools:
SMC:
Liquidity has been collected in the lower demand areas and then a strong break of structure occurred upwards with clear liquidity injection, indicating that the market maker has entered with an intention to rise. Currently, the price is in an area of imbalance after the strong surge and may test the broken demand areas around 0.014-0.015 before any continuation.
Elliott:
The sharp upward movement often represents a third impulsive wave, which will likely be followed by a correction (fourth wave) and then a continuation of the rise (fifth wave). The expected correction will be horizontal or retracing to around 0.016.
Classic:
We have formed a violent breakout from a consolidation range, the current movement is called an initial peak (Blow-Off Top), and it is often followed by a correction or a retest of the previous resistance (new support).
Future Trade:
- Trend: Bullish
- Entry: Wait for a correction towards 0.016-0.0155 and enter a buy
- Target: 0.020-0.021
- Stop Loss: Close an hour candle below 0.014
Alert: Do not enter directly after a strong rise, wait for a correction and be cautious of quick profit-taking movements. Capital management is essential!