• The general trend of the currency is: very strong bullish, the currency is experiencing tremendous momentum in December, showing clear higher highs and lows.
• The current price in the picture: $15.088 (up 31.91% in the last 24 hours - Note: the apparent rise in the chart is +42.84%).
• What will happen (initial prediction): the currency is in a price discovery phase or rising due to strong news. The sharp rise may also be followed by a sharp correction.
1- Strategic trading plan:
Strategic objective: Ride the upward wave with great caution, and prepare to take profits at the first sign of significant weakness.
2- Buying and selling areas
1- Suggested buying areas (small quantity and with caution): When correcting to nearby support levels (like 12.000) or using a trailing stop loss.
2- Suggested selling areas (take profits): Fibonacci levels or psychological points (like 18.000 or 20.000) can be used as targets.
3- Potential scenario targets:
1- Upward scenario: Exceeding 16.000, with the search for new targets based on momentum.
2- Downward scenario (correction): Breaking 10.000 may indicate the end of the current upward wave.