$LA
If the price remains above 0.21$ with an increase in trading volume, we may witness a gradual upward movement towards:
0.235$ โ 0.26$ โ 0.30$
And breaking 0.30$ could push the currency to areas of 0.35 โ 0.40$.
Bearish Scenario
However, if the level of 0.20$ is broken with a clear close, the price may head towards:
0.185$ โ 0.17$
These are historical support areas that may attract liquidity again.
Potential Trading Plan
For speculation (Long):
Entry area: 0.215 โ 0.222
Targets: 0.235 / 0.26
Stop loss: 0.198
For a Short trade (in case of breaking support):
Entry: after breaking 0.20
Targets: 0.185 / 0.17
#Lagrange