📈 The instrument is globally in an accumulation zone, which it has re-entered after the December rally. Around 70 cents, we see a solid support level that did not get updated during the correction movement. Locally, a slanted trend line has been impulsively broken through, and the price has secured above it. I am setting up with a comfortable leverage and adding to the position. I do not expect quick execution, as there are small volumes here and no signs of short positions being loaded. We can expect acceleration in movement as the price approaches the $1 mark, as that’s where short sellers will start entering the game (a resistance level that has not been broken through several times already).
📌 Setup instructions:
🟢 Entry: 0.8915 at market for 0.5% of the futures account deposit
❗️ Position add-on: 0.8060 for 1% of the futures account deposit
⛔️ Stop loss: 0.7900 (I work with position add-ons)
🏹 Targets:
✅ Target 1: 0.9900
✅ Target 2: 1.0900
✅ Target 3: 1.1900
✅ Target 4: 1.3400
✅ Target 5: 1.4900