ONE fib retracement strategy

Looking for a retracement to 0.26 (roughly) before seeing 0.52 as a target.

Stop loss at 0.21.

Maybe the risk is too high on this trade? Risking 20% for 100%?

Looks like stronger buying pressure on the 0.22 price, but still learning how to identify support levels.
Trend Analysis

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Penafian