hello friends, we have 3 scenarios in front of us.
1.03 critical level that we should keep in mind first, selling pressure will continue as long as it does not close above this point.
orange 1. scenario: If there is a breakout from these levels, it will probably drop to 0.5 after receiving confirmation.
green 2. scenario: If it continues to move within the channel and makes consecutive closes above 1.03, it can reach 1.5 level.
red 3. scenario : I think this is the most likely scenario.if it breaks its trend between 1.03 and 0.85 it will probably be a false break and we will get on the train and go to the moon with very strong buyers
thanks for reading.
Trade closed: target reached