After reaching a local high, the price retraced and moved into a correction phase. During this correction, the support level at $0.003183 was held, indicating bullish sentiment among buyers.
It’s worth considering opening a position from the current levels, whether for spot trading or a swing position on futures (with low leverage and a small percentage of your deposit). For those concerned about drawdowns, positions can also be accumulated or added from the support level at $0.003183.
Here are my parameters:
Entry Point (EP): Current price Take Profit (TP): $0.005553, $0.006426, $0.007446 Stop Loss (SL): $0.002587 But remember: your money — your responsibility!
P.S.: I'm aware of the additional zeroes after the decimal; they’ve been omitted for simplicity. All levels are shown on the chart!
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