Technical analysis by Supachai-Taechapisit about Symbol S: Buy recommendation (1/6/2025)

Technical Analysis:1. Price is currently at $0.7892, down 4.63%2. Wave structure suggests completion of ABC correction at point (C)3. Fibonacci retracement level at 0.786 aligns with potential reversal zone4. Two target zones identified: - First target: ~$1.20-1.30 (Wave 3) - Second target: ~$1.30-1.50 (Wave 5)Trading Setup:- Entry zone: $0.75-0.78- Stop loss: Below point (C) around $0.70- Risk:reward ratio approximately 1:3 for first targetKey Points:- Bullish divergence forming at current levels- Price testing ascending trendline support- Wave structure suggests start of new impulsive wave upCaution:- Wait for confirmation of reversal with price action- Consider position sizing due to crypto market volatility- Monitor BTC correlation for trade validation