• Technical Analysis: The chart shows a massive and sudden price jump (Pump) that occurred in one day or several short hours, followed by a rapid decline (Dump). The current price $0.29956 represents a very strong close after a sharp rise/fall wave. This pattern indicates extreme volatility and possibly news or market manipulation. The overall trend is unclear due to the nature of the sudden movement.
• Suggested buying areas (entry):
-Very cautious buying: wait for a clear price base (accumulation) to form after the recent decline. It may be at nearby support levels $0.2000 - $0.2500, but the risk is very high.
• Suggested selling areas (price targets/take profit):
-Short-term targets: return to test the top of the current candle at $0.31420 or level $0.3500.
• Suggested stop loss:
-Below the middle of the surprising long candle, around $0.1700 - $0.1900. Trading in this currency is fraught with high risks and should be avoided by inexperienced traders.
