Key Levels
• Support: Ascending trendline
• Resistance: $2.30 – a key level that acted as support since early April
• Measured Target: $2.50–$2.55 – aligns with prior support area
• Watch out for the longer-term descending trendline, which could act as resistance on breakout around ~$2.40
Breakout Trigger
A solid 4H close above $2.30 with convincing volume could confirm the move
Invalidation
A sustained break below the ascending support would fully invalidate the setup and potentially lead to a drop to $1.70
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.