#GRASS

After a rapid decline, the price formed a reversal pattern known as a 'double bottom', realized its potential, and then formed an ascending triangle. The breakout of the triangle upwards confirmed the strength of buyers. Currently, the price is in a retest of the broken level, which is a technically justified entry point.

Entry point:

$1.66 — the retest zone of the resistance level of the ascending triangle. Often used by traders as an optimal entry point for the continuation of the trend.

Growth potential:

$2.23 — the calculated potential of the ascending triangle pattern, coinciding with a strong resistance level, where price reversals previously occurred.

Stop-loss:

$1.47 — located below the last minimum of the triangle and key support levels, the breakout of which will invalidate the growth scenario.