Status: Buy (Long) 📈
• Strength: Moderate to Strong (Based on the rebound from levels of $2.00)
📝 Operations Note (Technical Logic):
• Support Areas: We notice that the price formed a double bottom around the area of $2.00 - $1.95, which provided momentum for the current rebound.
• Current Trend: The currency is currently in a slightly upward oscillation phase after reaching a local peak at $2.15. The price is now stabilizing at $2.077 and is trying to hold above the midpoint line of recent movements.
• Indicators: We see a good response from buyers as we approach psychological support levels, with good volume supporting the continuation of the rise if the 2.10$ barrier is broken and maintained above it.
🎯 Ready recommendation:
🟢 Entry point: 2.070$ - 2.050$
🚀 Targets:
1 first target: 2.150$ 🎯
2 second target: 2.220$ 🎯
3 third target: 2.350$ 🎯
⛔ Stop loss: 1.940$ (close the hourly candle below this level)
📊 Summary of trades (final assessment):
The currency is showing clear positive signals as long as it remains above the 2.00$ levels. The risk in this trade is considered acceptable compared to the expected targets (Good Risk/Reward Ratio). A real breakout will begin when exceeding the last peak shown in the chart.
What do you think? Do we see $2.50 soon? 🤔