AppCoins has been trying to break above that significant S/R level for a while. I will be looking to enter a position with either a new high above targeted price or, alternatively, a daily close above the red line. Technically, this chart is very simple to read. I really like trades that jump out to me as soon as I open a price chart.
Usually, the breakout price level doesn't correspond with a significant S/R level. In this case, it does, offering an insane trade in terms of r:R