We've seen a bullish breakout that suggests strong upward momentum. Now, I'm waiting for the retest of the breakout area before considering an entry. This is a classic move that often provides a great buying opportunity for those who are patient! ⏳
I believe there’s a solid chance for a long position around the $1.980 - $1.950 support zone. This area has shown strong support in the past and could be the perfect spot for entering a trade. 💣
Once we see a confirmation of the retest and a potential bounce off this level, it could be go time! 🚦
Looking higher, the upper key resistance zone is around $2.650 - $2.700. This will be a critical zone to watch, as a breakout above this could signal an even stronger rally. 🚀
Pump potential: I’m eyeing a potential +/- 30% move if the breakout continues to play out as expected! 📈💥
See you in a few days! Let’s keep an eye on how the price behaves around those key levels! 👀
Remember, this is not financial advice. 🙅♂️📊 Always do your own research before making any trading decisions.
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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.