Lovely setup coming in here on IO. I anticipate a move back to the middle of this year's range @ $5 if price can break through the POC @ $2.84. If the POC is broken, price should move quickly to target.
Technical reasons for the trade:
→ Double bottom (and another smaller double bottom recently!)
→ Price still trading within the reload zone (0.618 fib)
→ Daily gaps in target area
→ Buy volume increasing
Good luck!
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Technical reasons for the trade:
→ Double bottom (and another smaller double bottom recently!)
→ Price still trading within the reload zone (0.618 fib)
→ Daily gaps in target area
→ Buy volume increasing
Good luck!
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.