After a strong downside move, price may be forming a base and showing early signs of reversal. If momentum holds, a continuation to the upside is possible, with targets projected toward nearby resistance zones and invalidation below recent lows.
Note
Update: I will wait for the price to break the 0.05208 level to enter the trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.