A potential entry is identified at 0.46. The first target is 0.62, representing a +34.78% gain from the entry point. If the upward momentum continues, the long-term target is set at 0.87, offering a total potential gain of +89.13% from the initial entry. This trade presents a strong risk-to-reward profile for both short-term traders and long-term investors. Proper risk management is essential, especially if price action weakens below the entry level.
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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.