This wave is definitely holding back a big move! Right now, $2.92 is the line between life and death, and both bulls and bears are fiercely wrestling here! It has risen from $2.29 and is now stuck at the resistance level, but the market can already sense a breakthrough!
We must keep a close eye on this script: if it can break through $2.92 with volume and close firmly, just go all in without hesitation! The first target is $3.06, and if this really breaks through, $3.21 won't be able to stop it! But if it falls below $2.65, quickly cut losses and exit, don't hesitate!
Right now, the bulls are clearly building up strength, it's just a matter of whether this wave can break through the resistance level. The technical indicators show that the longer the consolidation lasts, the stronger the explosive force will be. This position is like a fully drawn bow, either it will pierce through the resistance and soar into the sky, or it will be pushed back by the bears to continue oscillating. Personally, I lean towards the former, especially since there have been hidden capital flows recently, this wave must be watched closely!
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