Buying the monthly breaker that’s confluent with the 70.5 retracement level. Aiming for the next zone of supply that hasn’t been hit just above the last high. This idea is based off the monthly chart so I’m expecting targets to get hit towards the end of the year. A strong monthly or weekly close below the 79% level at $7.20 would invalidate the trade.
Comment:
After analyzing the weekly, I’m lowering my target to $26
Trade closed manually