From the chart, I have marked out the range low and range high of the previous cycle, the previous range is acting as a box of accumulation where once it is done accumulating, it broke out and never return. Hence, the range low which is sitting at $21 is a significance level, where longing it here or buying spot, offer great Risk:Reward. Look at how the range low is respected several times, leaving large wick below, indicating there is great buying power over that area. Let's talk about the TP part, due to the current circumstances, TP will be at the range high, with a return of 170%, 1.7x. Besides, notice the latest candle that is marked with a blue arrow, that represents a capitulation candles, where people panic sold, hence as prices approached $21, expecting seller exhaustion followed by accumulation and eventually the expansion towards the range high $58.