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Support area
● Near support: 0.0510 - 0.0520
● Strong support: 0.0480 - 0.0490
Resistance area
● Near resistance: 0.0550
● Strong resistance: 0.0585 (the nearest peak on the chart)
Purchase scenario
● You can consider buying when the price is above 0.0520.
● The entry point is better than waiting for the correction rate to 0.0510 - 0.0520 and then a confirmation candle appears.
● Cut the loss below 0.0480.
● Profit-taking target:
● TP1: 0.0550
● TP2: 0.0585
● TP3: 0.0620 - 0.0650 if the top is successfully broken.
Evaluation: The current trend is inclined to BUY/HOLD, but the price is quite close to the resistance of 0.0550, so FOMO should not chase the price. Waiting for retest support will have a better profit/risk ratio.
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