Price is forming a potential higher low (HL) after a deep retracement and rejection near the $3.50 level. A clean break from the lower high (LH) structure confirms a trend shift. Currently setting up for a strong impulsive move toward prior highs.
📍 Entry: Around $3.50 (confirmed HL support)
🎯 Targets:
TP1: $4.40 – minor resistance & psychological round number
TP2: $5.70 – previous structural LH
TP3: $6.60 – major resistance & breakout target
TP4 (extended): $7.00+
📍 Entry: Around $3.50 (confirmed HL support)
🎯 Targets:
TP1: $4.40 – minor resistance & psychological round number
TP2: $5.70 – previous structural LH
TP3: $6.60 – major resistance & breakout target
TP4 (extended): $7.00+
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.