Short Trade Setup (Bearish, following the downtrend)
Entry Point: Around 0.28070-0.28100 (current level or on a minor bounce/pullback to test resistance).
Stop Loss: 0.28550 (just above the 24h high to invalidate the bearish setup if it breaks up).
Exit Point (Take Profit): First target at 0.27900 (near 24h low), second target at 0.27700-0.27800 (if it breaks support, aiming for further downside based on the drop momentum).
Risk-Reward Ratio: Aim for 1:2 (e.g., risk 0.004 on stop, target 0.008 profit).
Rationale: The chart shows consistent lower highs and lows, with volume supporting the drop. Good for short-term trade if bearish momentum continues.
2. Long Trade Setup (Bullish, if rebounding from dip)
Entry Point: Around 0.27950-0.28000 (near or below the 24h low, waiting for support hold and a green candle confirmation).
Stop Loss: 0.27800 (below support to protect if it breaks down further).
Exit Point (Take Profit): First target at 0.28200, second target at 0.28400-0.28500 (near resistance/high).
Risk-Reward Ratio: Aim for 1:2 (e.g., risk 0.0015 on stop, target 0.003 profit).