š Chart Overview:
Current price: $3.29
Major rally from ~$0.10 in mid-2023 to peak around $5.20 in early 2025.
Recent retracement formed a potential higher low around $2.40ā$2.50.
Strong bounce back recently, forming a bullish reversal.
ā Suggested Entry Zone
Entry: $3.15 ā $3.30
Current consolidation suggests accumulation phase.
Enter on pullbacks within this range or breakout above $3.35 with volume.
ā Stop Loss
Stop Loss: $2.75
Below the recent local support ($2.90 area).
Keeps risk tight in case of breakdown.
šÆ Profit Targets
Target 1: $4.20 ā Recent minor resistance
Target 2: $5.00 ā Previous high (psychological + technical level)
Target 3 (Moonshot): $6.00+ if it breaks ATH with volume and momentum
š Trade Setup Summary
ComponentLevelEntry Zone$3.15 ā $3.30Stop Loss$2.75Take Profit 1$4.20Take Profit 2$5.00Take Profit 3$6.00+ (optional)
š Indicators to Watch:
RSI: Check if it breaks 70 on the daily for strong momentum.
Volume: Needs a breakout candle with high volume for safer entry.