🟡 Interpretation and Possible Scenarios
Continuation of Uptrend Scenario:
• Breakout with strength of $2.30 - $2.40 could lead back to test the zone of $3.00 – $3.40.
• Volume would need to increase to sustain.
Correction Scenario:
• If it loses $2.20 with strength, it could seek support at $1.50 – $1.60 (zone prior to the explosion).
• RSI may drop to neutral zone (50), and MACD may cross downward.
🔔 Important Alert:
• The price rose very quickly and strongly — beware of bull traps.
• It may be forming a flag pattern or sideways consolidation.
✅ Tip for Beginner Traders:
• Avoid buying at peaks after large rises.
• Wait for corrections and signs of support.
• Study patterns such as pullbacks, RSI below 50 with recovery, and MACD in positive crossover.