On the above 1-day chart price action has corrected a massive 90% since February with oversold condition. A number of reasons now exist to be bullish, including:
1) Price action breaks out of resistance and confirms support.
2) A ‘incredible buy’ signal is printed. On past resistance.
3) Price action makes an impulsive move to the upper side of the Bollinger Band. Fantastic.
Is it possible price action falls further? Sure.
Is it probable? Unlikely.
Target 10-15k sats / 10x from current levels.
Good luck!
WW
PS: not in this trade, if you want an update leave a comment below.