TIGR - Is the Selloff Finally Over? Long
UP Fintech Holding LimitedNASDAQ
Description
⋅ NASDAQ:TIGR Breakout imminent along with a double bottom bullish pattern on a strong support level.
Current candle has broken out of downtrend but the next candle that follows is key to get confirmation of this breakout.
Longs can choose to enter once next candle respects the new resistance-turned-support.
Conservative longs can choose to enter once price pulls back and retests new support for a better RR ratio.
Regardless, longs are in for a highly attractive RR if we get confirmation and breakout holds as we move to higher levels.
Nearest resistance level is that of the previous double top levels (~$7.54).
Would advise to exit or take profit on trade before earnings.