The 47.5 target is possible in theory, but it needs more than one candle of confirmation. The distance is large (+128%) against relatively close support, so the risk/reward looks attractive if the stop is clear (for example below 17.5 or below the low). That said, this is a low-liquidity, high-risk coin, so keep position size small and don't rely on a monthly candle that hasn't closed.
not financial advice, and I'm not a financial advisor. The decision and the risk are yours.
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