The current price is $0.03612. It has formed a clear double bottom at the $0.03314 level—the same green range you identified in your first analysis. Bullish reversal candles appeared there, accompanied by an increase in trading volume.
And the indicators support the reversal:
• The current price is above the MA7 average at 0.03471, indicating buyer control in the short term. • The MACD indicator has produced a bullish crossover, as the MACD value turned positive to 0.00017 and DIF is higher than DEA, which signals the start of buying momentum.
But the price is still under pressure from the MA25 average at 0.03752 and MA99 at 0.04973, which represent the upcoming resistance.
Second: the expected targets
First target - Confirmation target: 0.03750 - 0.03850 dollars
At a profit percentage of +5% to +6%. This corresponds to the average MA25 and the last descending peak. When it reaches it, it is recommended to secure capital and exit 30% of the amount.
Second target - The real breakout target: 0.04270 - 0.04749 dollars
At a profit percentage of +18% to +31%. This is the peak from which the price previously dropped sharply, and it matches the red zone you drew. A breakout with a four-hour close above it opens the way directly to the third target.
Third target - The extended target of the upward wave: 0.05301 - 0.05816 dollars
At a profit percentage of +46% to +61%. It represents the upper average MA99, and it is the full target of the complete rounded-bottom model that you drew with the blue arrow.
Third: stop-loss
The logical and technical stop-loss is a four-hour candlestick close below the 0.03280 dollar level.
If it breaks the 0.03314 level, which represents the last bottom, it means the double-bottom model fails, and the price returns to a new downwave; in that case, you must exit immediately to preserve capital.
Fourth: expected scenarios
Positive scenario, the likely one at 70%:
Gradual rise to test 0.0375, then a simple cooling-off to re-test 0.036 as support, then a strong breakout toward 0.04749, then a move toward 0.053.
The negative scenario at 30%:
The price fails to break above 0.03752 and rebounds downward, entering a boring sideways movement between 0.034 and 0.037 for several days in order to accumulate more before attempting another rise. This scenario does not cancel the upward move, but it delays it.
Invalidated scenario:
The bullish analysis is completely invalidated if 0.03280 is broken.
Summary
The coin has finished the deep correction phase and entered a consolidation and reversal phase. Your current position at 0.036 is an excellent buy-from-the-bottom spot, before the breakout. The trade has an excellent risk-to-reward ratio: you risk about 8% versus the first target of 6% and the third target of 60%.
Recommendation: hold, split the sell orders across the targets, and strictly adhere to the stop-loss.
