Graphic Analysis:



1. Target and Prices:


• The blue target zone on the chart indicates an upside potential of approximately 383.82% from the current price level. This suggests a target price of around 0.8603 USDT.


• Intermediate resistance levels are located around 0.480 and 0.700.



2. Support and Resistance:


• Support Levels:


• There is a strong support area around 0.200. This is a level where price has paused and rebounded in the past.


• Lower support is at 0.170 level.


• Resistance Levels:


• The first major resistance is at 0.320.


• Above, there are resistances at the levels of 0.480 and 0.700.



3. Indicators:


• Moving averages are not clearly visible on the chart, but considering the current trend, an upward trend is evident.


• It would be useful to check whether it is in the overbought region with indicators such as RSI and MACD.



4. Formations and Formation Reversals:


• The chart shows a breakout of a descending trend line, which is generally considered a positive bullish signal.


• The resulting structure may exhibit a pattern resembling a cup and handle formation, which is usually a strong trend reversal signal.



5. Trend Direction:


• The trend is currently upward. The broken downtrend line confirms the uptrend.


• There is a high probability that the price will increase by creating higher highs and lows.



6. Strategic:


• Short Term Strategy:


• Taking a position up to the first resistance zone, 0.320.


• If this level is broken, target the second target of 0.480.


• Medium Term Strategy:


• The main target for long-term positions may be 0.8603.


• Risk management should be ensured by placing stop-loss at support levels (e.g. 0.200).


• Risk Management:


• Profit taking can be done in overbought areas.


• The stop-loss level can be positioned 10-15% below the entry point.



General Advice:


• Since the uptrend is confirmed, buying opportunities can be evaluated.


• However, since market conditions can be volatile, strict risk management should be applied. Taking into account that the price may pause at the analyzed resistance levels, profit realization can be planned.