Current Situation: Current Price: $3.56 Recent Price Action: The price is retesting a resistance level. Existing Position: Current Position: Long (Buy) Reason for the Position: Previous analysis indicated a potential breakout, leading to the current buy position. Additional Buying Opportunity: New Buy Opportunity: The current retest of the resistance provides another buying opportunity. Trade Objectives: Take Profit (TP) 1: $3.72 Take Profit (TP) 2: $4.16 Reasoning: These levels align with the overall bullish trend, and breaking through the resistance may lead to further upward momentum. Risk Management: Stop Loss: $3.42 Risk/Reward Ratio: 1:4 (Risking 1 unit for a potential gain of 4 units). Strategy Recap: Strategy Confirmation: The current retest of the resistance supports our initial analysis, reinforcing the bullish outlook. Consistency in Targets: TP1 at $3.72 and TP2 at $4.16 remain consistent with our overall strategy. Cautionary Notes: Market Monitoring: Continue monitoring market conditions, news, and technical indicators for any signs of a reversal. Conclusion: With the price currently retesting the resistance, we maintain our existing buy position and consider this retest as an additional buying opportunity. The trade objectives remain unchanged with TP1 at $3.72 and TP2 at $4.16, while the stop loss is set at $3.42 to manage potential risks. The risk/reward ratio of 1:4 enhances the overall attractiveness of the trade. As always, stay vigilant and adapt the strategy based on evolving market conditions.