Target and Prices


• Target 1: 0.15-0.17 levels are short-term resistance levels that may occur after the breakout.


• Target 2: 0.25-0.28 levels can be determined as medium-term targets in longer time frames.


• Long Term Target: Above 0.30, these levels may support resistance transformation.



Support and Resistance


• Support: The 0.10 level appears to be a critical support level. This level has historically acted as a buyer-heavy zone.


• Resistance: 0.135 and 0.15 zones are short-term resistance levels.



Indicators


• Volume: An increase in volume was observed in the last rise, but there was a decrease in volume in the last correction, which indicates that the correction was weak.


• RSI (Relative Strength Index): It may be in a structure trying to break out of the oversold region. This indicates a potential recovery.


• MA (Moving Average): 50 and 200-day moving averages can be monitored for an upward breakout.



Formations and Transformations


• Falling Wedge Pattern: The structure on the chart appears to have resulted in the breakout of a falling wedge pattern. This usually indicates an uptrend.


• Retest: There is a possibility of a retest of the broken resistance level. This test could be around 0.10.



Trend Direction


• Main Trend: In the process of returning to the uptrend. The breakout of the wedge formation supports this situation.


• Short Term Trend: Support can be tested with horizontal movement.



Strategy


1. Buying Strategy: Positions can be taken at levels of 0.10-0.105 by waiting for a retest. Using stop-loss at this level is critical.


2. Targets: 0.15 can be considered as the first target and 0.25 as the second target.


3. Risk Management: Stop-loss level can be kept below 0.09.


4. Volume Monitoring: Volume increases during breakouts should be monitored for confirmation.



Recommendations


• If the price action is downward with low volume, panic selling should be avoided.


• It can be assumed that the uptrend will continue as long as the main trend support is not broken.


• Before investing, the status of the project should be examined, taking into account the fundamental analysis.