Entry Price: Immediate entry at $0.5339. Stop-Loss: Place at $0.4595 Take-Profit Target: $0.8084, based on the 1.618 Fibonacci extension.
Why Immediate Entry Works:
Trend Continuation: The price remains above the 0.618 retracement, suggesting buyers are still in control. Fibonacci Confluence: Strong support from multiple Fib levels gives the trade a solid foundation. Momentum: Consolidation near the 0.618 and 0.786 levels often precedes a breakout to the 1.618 extension.