### Key Observations:
1. **Price Movement**: The price is at 1.180, with a significant upward movement (+195%).
2. **Volume**: There's a notable spike in trading volume earlier, indicating strong buying interest. The current volume is lower but steady.
3. **Indicators**: The MACD and Moving Averages (MA) are shown, but more details about them (like their current position) are unclear in the screenshot.
### Strategy Suggestions:
#### **Plan A: Long Entry**
- **Entry Point**: Look for a retracement to a support level, likely around 1.150 or near the previous dip around 1.068.
- **Take Profit (TP)**: You could aim for a move towards 1.200 or higher since there's strong bullish momentum.
- **Stop Loss (SL)**: Place an SL around 1.068 to protect against a significant downturn.
#### **Plan B: Short Entry**
- **Entry Point**: If the price shows signs of weakening, enter a short position when it breaks below 1.150.
- **Take Profit (TP)**: Set TP around 1.068 or slightly lower.
- **Stop Loss (SL)**: SL at 1.200, which is a key resistance point for short positions.
### Alternate Plans for Adverse Signals:
#### **Plan C: Long Position Protection**
If you enter long and the price starts dropping toward your SL:
- **Trade Duration**: Hold your position for a couple of hours (or until the end of the day) if the price consolidates around 1.150-1.068.
- **Exit Strategy**: Exit if the price closes below 1.068 on a lower time frame (e.g., 15-30 minutes).
#### **Plan D: Short Position Protection**
If the short goes against you and price pushes above 1.200:
- **Exit Strategy**: Close the trade immediately as it could signal a further rally.
- **Re-Entry**: Wait for a new signal if the price shows strong rejection at 1.200 or forms a double top.
### General Guidelines:
- **Trade Duration**: Given the sharp volatility, each trade should likely last a few hours to a day. Monitor closely for price action around key levels.
- **Risk Management**: Always use proper position sizing and risk no more than 1-2% of your capital per trade.
