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Parabolic movement. The price is extended far above all moving averages. It is calming down from the peak. Low trading volume on this timeframe.
• Entry zone: 1.95 - 2.08
• First target: 2.37
• Second target: 2.55
• Third target: 2.75
• Stop loss: 1.80
Momentum is still present but risks are high. Watch resistance at 2.37. Keep the price above 1.96 to continue. If 1.80 is lost, the trend ends.
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