$EPIC Near Break out

The price is holding in at $2.27, and is right below resistance of $3.16, (previous ath). The price structure is displaying strong bullish momentum, with higher highs and higher lows since the $0.70 bounce. If the bulls push through the $3.16 resistance with volume, we could have a new ath run.

Trade Setup

Price: $3.01 (+x%)

Entry Zone: $3.02 - $3.08 (break out confirmation)

Target 1: $3.25

Target 2: $3.50

Stop Loss: Hold in spot and hold till near support ($2.65)

Support: $2.80

Resistance: $3.16 (ath)

Timeframe: 4h chart is displaying bullish structure holding.

Market Insight: The momentum is bullish but we want confirmation above the $3.16 resistance. It will be the strength of the breakout that will allow for the next big move.