Stellar Buy Opportunity

The market bounced from 0.015000 support level and then broke the downtrend line. We have a buy signal and confirmation that the market is going to move upward. Entry level for long trades can be above the local swing high. It's 0.024500 level. Stop orders must be placed below 0.014000 level. Profit targets are at 0.040000 and 0.055000 resistance levels. Also the part of trading volume can be left for long run. If the market retraces to the uptrend line and bounces from it, we'll get a new entry level above the high of the signal candle.

Comment:

The market confirms the uptrend. New retracements can be used for building long positions.