1. Breakout Strategy (Bullish)
Entry Point: Buy if the price breaks above the resistance at $1.0127 with strong volume confirmation.
Target Levels: $1.20, $1.30 (or higher, depending on momentum).
Stop Loss: Set a stop loss slightly below $1.00 to manage risk.
2. Support Bounce (Rebound)
Entry Point: Buy if the price holds the current support at $0.8125 and shows signs of a rebound (e.g., strong green candles or volume increase).
Target Levels: $0.90, $1.00.
Stop Loss: Place a stop loss below $0.80 to limit losses if the support fails.
3. Short Position (Bearish)
Entry Point: Sell/short if the price breaks below the support at $0.8125 with significant volume.
Target Levels: $0.70, $0.60.
Stop Loss: Set a stop loss above $0.82 to manage risk in case of a false breakdown.
4. Wait-and-Watch Strategy
If uncertain, wait for either:
A confirmed breakout above resistance ($1.0127) for a bullish trend.
A deeper dip to a stronger support level for a better buying opportunity.
Risk Management:
Limit exposure to 2–3% of your trading capital per trade.
Use trailing stops to lock in profits if the trade moves in your favor.
These strategies should be implemented based on market conditions and proper risk management. Would you like guidance on any of these in more detail?