On the charts we have a clear convergence of the rsi
indicator and price as marked by the yellow lines. Follow the indicator. Bollinger bands
with price reaching for the supply zone
. The theory here is that when price reaches the supply zone
it means that traders are buying into supply where an astute trader will be waiting with a sell order to go short. Possible short positions exist so plan accordingly. Your stop loss will be the top of the orange supply band or a little higher depending on your risk tolerance if price should continue to move higher. Your profit potential is a conservative 3:1 of the width of the supply band putting this at about the 0.69594 area.