$USUAL
1. Price Chart Analysis
Price Trend: You need to check the price trend over the recent period. If the price shows signs of recovery from a low (e.g., 1.2) and has the potential to reach a peak of 1.4 again, this may be a short-term investment opportunity.
Trading Volume: If the trading volume is high when the price reaches 1.4, this indicates strong interest from the market, suggesting that this currency may continue to rise. If trading volume is low, the peak price may be a short-term spike and not sustainable.
2. Take Profit and Stop Loss Levels
Take Profit: If you invest at a price of 1.2, you can set a take profit target near the peak of 1.4, but you also need to consider market conditions and the level of risk you are willing to accept.
Stop Loss: Set a reasonable stop loss level if the price drops below an important support level (e.g., below 1.1 or 1.0) to avoid significant losses if the trend reverses.
3. Risk Assessment
High Volatility: If you do not want to accept too much risk, be cautious when the price is close to the peak (1.4). Volatility may occur and the price could adjust sharply afterward.
Long-term or Short-term Investment: If you plan to invest long-term, you do not necessarily need to worry about short-term peaks/thresholds. However, if you are investing short-term, you need to closely monitor indicators and market conditions.