The chart shows a clear downward trend after mid-September, with an attempt to form a bottom.
• Technical Analysis:
· A downward trend has continued since September, with a sharp price drop in October.
· The currency is trading in a historical or long-term bottom area.
· In December, consolidation began with sideways movement between 0.1200 - 0.1600 USDC.
• Strategic plan (accumulation approach/buy at support):
· When to buy:
· Preferred buying: when breaking the resistance level of the consolidation area (above 0.1650 USDC with confirmation).
· Buy at support: accumulation near the current support level (0.1250 - 0.1350 USDC).
· Price targets:
· Near target: 0.1800 USDC (highest point in November).
· Strategic target: 0.2200 - 0.2500 USDC (resistance area in October).
· When to sell: upon reaching targets or upon failure to break through.
· When to use a stop loss: below the lowest low in December (like below 0.1150 USDC).
· Downside scenario: breaking the 0.1150 USDC level opens the door for further decline towards new lows.
