### 1. **Trend Analysis**
- The price is currently above the MA60 (1.580), indicating an uptrend. The 24% increase suggests strong upward momentum.
- The MACD line is slightly above the signal line (MACD: 0.004), which is a bullish sign but shows limited divergence, suggesting the strength of the momentum is moderate.
### 2. **Entry and Exit Points**
- **Short-term Long Entry**: If the price breaks above **1.680** (recent resistance), you can consider entering a long position.
- **Short-term Short Entry**: If the price fails to break **1.680** and closes below **1.634**, it might signal a potential retracement.
- **Long-term Long Entry**: If you want to hold for a longer duration, a strong support level can be near **MA60 at 1.580**. A bounce here would provide a good long-term entry.
### 3. **Take Profit (TP) and Stop Loss (SL) Levels**
- **Long TP**:
- Target short-term TP near **1.75** and a stretch target near **1.80** if the uptrend strengthens.
- **Long SL**: Place your stop loss at **1.580** (below the MA60) to minimize risk in case of a downward trend.
- **Short TP**:
- First target around **1.634** (support) and further down to **1.580** if momentum turns bearish.
- **Short SL**: Place a stop loss above **1.680** if you are going short and the price breaks resistance.
### 4. **Indicators Confirmation**
- **MACD**: Slightly bullish but watch for a potential crossover. A bearish crossover will indicate selling pressure.
- **Volume**: Volume has been rising, confirming the strength of the recent price action. If volume decreases while price rises, it could signal a potential reversal.
### 5. **Trade Duration and Plan**
- **Long Trade**: Hold the trade for a few days to weeks if the price continues to trend upwards and doesn’t show signs of weakness.
- **Short Trade**: If entering a short trade, be prepared to close it within hours to a few days based on how quickly the price retraces.
### 6. **If the Trade Goes Against You**:
- **Exit Strategy**: In case of a false breakout or strong trend reversal, stick to your stop loss at **1.580**. If the price closes below this level, consider exiting your long position to avoid further losses.
- **Hedge**: You could also consider hedging with a small short position if the price shows signs of significant weakness after entry.
### Summary:
- **Long entry**: Above 1.680, TP: 1.75-1.80, SL: 1.580.
- **Short entry**: Below 1.634, TP: 1.634-1.580, SL: 1.680.
