Hey there, β The price entered an uptrend phase from the $3.70 range and, following the breakout of the descending trendline on the daily timeframe, has shown a significant increase, reaching $5.70. Currently, after this upward movement, the price has faced a slight correction and has returned to the broken $5 level.
Given the overall market conditions, the outlook remains more bullish.
It is expected that after this pullback, the price will likely continue its significant upward movement towards the $6 and $6.50 levels. The price ranges of $5 and $4.50 β $4.20 can be considered key reversal zones. If a bullish candlestick pattern is observed and confirmed, there is a high possibility of positive price fluctuations.
π’ Please remember that this is just my personal viewpoint and should not be taken as investment advice. Iβd love to hear your thoughts and share opinions!
Happy trading!βπ
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!β