There is a clear psychological resistance at play here at the $1 zone with shorts hammering it every time they look to break it. I am interested in this one for a 5-20% move from the $1.09 zone and may look for even more if it can break past the level 2 resistance. Looking for a MACD cross setup in the week ahead
If this move is an indication of interest, we may see some more movement tomorrow. Looking for a break above 1.23 to push past the level 2 resistance which I expect to get more from there.
Level 3 resistance is around 1.57 as we have seen hard rejection at this area. (Not financial advice)