Looks like a good spot to start accumulating. Small position since this is calling a bottom. Huge R/R though so we will see.
Comment:
Reaching that first resistance level from that monster downtrend
Comment:
Already up 100% from entry.
Comment:
Resting nicely on the mid line of the channel for retest. Next stop is $1.60 - If it gets rejected here it will retrace and retest the channel - if it breaks above $1.60 it should retest that level as support before heading to the next targets $2.30 and $3.40
If it manages to get to $4.00 its time to short back towards $2.50
If it manages to get to $4.00 its time to short back towards $2.50
Comment:
Back down to an entry zone. Should accumulate here and continue up