$USUAL NEXT TARGETS:
Bullish Targets (Reversal Scenario):
1. Immediate Resistance:
$0.2300 - This aligns with the EMA(25) level, which often acts as dynamic resistance in a downtrend.
2. Secondary Target:
$0.2600 - This aligns with the EMA(99), a significant resistance level if the price attempts a stronger recovery.
3. Stretch Target:
$0.3040 - This is the 24-hour high. Achieving this would signal a full recovery.
Bearish Targets (Continuation of Downtrend):
1. Immediate Support:
$0.2000 - A psychological level and likely the next support zone.
2. Secondary Target:
$0.1599 - This appears to be the lowest recent level visible on the chart.
3. Breakdown Level:
$0.1250 - A deeper level if selling pressure escalates further.