- Strong increase +49% in 24 hours
This indicates that the currency is in a strong pump state and a short correction usually follows.
The price is now around 1.59 after touching 1.69
This indicates that there is a price rejection (Resistance rejection).
- Moving averages
MA7 above MA25
MA25 above MA99
This is a short-term bullish trend signal.
- The last candle is red with high trading volume
This often means profit-taking by traders.
The most likely scenario (short term)
🔹 Correction scenario first
The price may drop to the area of 1.52 – 1.55
This is a strong support area.
🔹 After the correction, if it stays above 1.52, it may rise again towards:
1.65
Then retest 1.69
Signals to watch for
If it breaks 1.50 downwards
➡️ It may drop to 1.44
However, if it breaks 1.70 with strong trading volume
➡️ We may see 1.85 – 2.00
✅ Summary:
The currency is trending upwards, but a short correction is very normal after a 49% rise.
Most likely: a minor correction followed by a new attempt to rise.
💡 Tip 
:
Do not buy immediately after a large green candle, it is often better to wait for a Pullback (correction).
