ETHO creating position to enter

ETHO provides us with a possibility to enter the market. This is highlighted by several things such as RSI bouncing off, MACD wave descending as well as expected point of convergence. EWO forms it's downward peak after which we could expect movement towards reversal of EWO trend. Also, ETHO reached levels of support, which were pretty consistent last week at 0.06 mark.
So, to use this possibility, I've made buy setup below:
Buy price: 0.0595-0.0610
Take profit: 0.0670
Stop loss: 0.0570