RSI over 40 on weekly and price appears to be at bottom range. Shows signs of 270 days in consoldation and accumulation.
Buy the breakout. Real trendline breakouts produce high volume. So wait for big bull volume to come in after price goes above the major trendline. Buy when price retests support after breakout.
First target is 0.58c. Second target is 1 USD.
Use appropriate risk and trade management which is key to success in trading. Use stoploss.
Recommended risk of portfolio is no more then 5% but risk with what you are comfortable lossing.
Exit sign after breakout is daily candle close below 0.19c but put stoploss with what you are comfortable lossing.
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.