Since we are extremely oversold on the ( below 5), we are looking for a short-term bounce against the 61.8% line as our risk indicator. Any significant move and close below this level will make 61.8% as a and now lower levels should be seen. Until that happens, we can look for higher levels in market that looks extremely one-sided right now.
Long at a current price - 0.01290
SL: 0.01190 - close below 61.8%.
TP: 0.01430 - resistance.