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Based on the chart analysis, we initially formed a hammer — a strong reversal signal — and the brief pullback that followed was actually healthy for the overall structure. The daily chart later confirmed this reversal, leading to a solid price rally up to the $0.1222 region, which is very remarkable.
With this momentum in place, the market now appears positioned for a potential recovery toward the $0.20 zone, a level many traders are anticipating as the next major target.
For intraday traders, this environment also provides opportunities to take short-term buy positions, as the current volatility and upward momentum support quick entries and exits with proper risk management.