The key is whether the price can break above the 4.90-6.03 level

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(Sidus Space 1W chart)

For a bullish reversal, the price must rise above 6.03 and hold.

The buy zone is 1.32-2.67. If it declines from this level, you should stop trading and wait and see.

A volume profile zone has formed at 4.90, so the key question is whether it can break above the 4.90-6.03 range.

Since the M-Signal indicator on the 1M chart is declining above 16.24, I believe a full-blown uptrend is still a long way off.

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(1D chart)

To break above the 4.90-6.03 range, we need to check for support around 3.81-4.25.

If it falls below 3.81, it could fall to around 2.67, so we should consider a response plan.


A sharp upward surge is expected if the price breaks above the 4.90-6.03 level.

The target area we should focus on is the 16.24-16.97 range.

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Thank you for reading.
We wish you successful trading.

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