BurgerCities (BURGER) - higher low

On the above 2-day chart price action has collapsed over 80% since the sell signal in July (not shown). A number of reasons now exist to be long, including:

1) A strong buy signal (not shown).

2) A higher low has printed (on both USD and BTC pairs).

3) The high prints on the Fibonacci 0.236 level.

4) Price action resistance breakout.

Is it possible price action falls further? Sure.
Is it probable? No

Ww

Type: trade
Risk: <=6% of portfolio
Timeframe: Don’t know.
Return: 6x / $3 at first

Trade active

Comment:

Past resistance confirms support.