Thesis - the optimal buy zone (purple) is between 0.05.8 and 0.08.3. A breakout above (yellow) zone 0.08.3 suggests a potential rally, with the current support level (0.058) indicating that the price may increase to the target of 0.08.3. Beyond this point, the target range is between 1.5 and 2 cents.
Note
Target 0.007.2 - achievedTarget 0.008.5 - highly likely
target 0.010.0 - likely
Trade active
Still actively tradingTrade active
Hit 0.008 - taking a breather here. A base of 0.0078 until the next leg up commences. Has run faster than anticipated. Trade closed: stop reached
Short squeeze is possible but based on trading rules, stopped out. Trade closed: stop reached
It dipped below every TL going. The downside is far greater than the upside. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.