Bullish div on the H4 RSI with a breakout through downtrend resistance on the PA. H4 ADX & DI turning the corner with a bullish cross.
D1 Stoch RSI just bottomed out, D1 Money Flow Index approaching bottom, expect to see green here imminently.
Validation on breakout from the triangle, targets in green.
Tight S/L just below the 0.5 retrace, with a rebuy on a bounce at or just above the 09/23 swing low at $0.075.
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Zooming in a bit, looking at this downtrend breakout from two perspectives (wick tops and most touchpoints) we see a little uncertainty at each chance to flip the downtrend as support.
Risky to open a trade here without using a breakout from the triangle (ideally flipping it as support) as validation!
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Rejected at the .382 retrace. Volume is picking up, though. This is probably going to move.
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Pushed through the .382 and stopped at the downtrend. Getting close.
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Got the breakout we wanted. Small retrace is imminent. Will be opening a position here shortly.