• Current Price: $2.15
• Support level: $1.99
• Resistance level: $2.42 / $2.85
• Indicators:
• Bollinger Bands show a potential reversal from the lower band.
• MACD and momentum indicators are still weak but may show signs of convergence soon.
• Volume is picking up, which may support a short-term move.
Plan:
• Consider gradual buying around $2.15, with a tight stop-loss at $1.99 to limit downside risk.
• Initial target: $2.42, second target: $2.85.
⚠️ Note: This is a short-term technical idea based on the 4-hour chart. Always adjust your position size and risk level accordingly.
• Support level: $1.99
• Resistance level: $2.42 / $2.85
• Indicators:
• Bollinger Bands show a potential reversal from the lower band.
• MACD and momentum indicators are still weak but may show signs of convergence soon.
• Volume is picking up, which may support a short-term move.
Plan:
• Consider gradual buying around $2.15, with a tight stop-loss at $1.99 to limit downside risk.
• Initial target: $2.42, second target: $2.85.
⚠️ Note: This is a short-term technical idea based on the 4-hour chart. Always adjust your position size and risk level accordingly.
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.
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.