Price Structure & Key Targets:
Current consolidation near historical support levels
Key resistance levels identified at $2.60, $4.30, and $7.00
Low market cap suggests potential for increased volatility
Technical Considerations:
RSI showing oversold conditions below 30
Low trading volume may amplify price movements
Historical price data suggests strong reactions from current levels
Risk Factors:
Significant technical damage from recent downtrend
Limited liquidity could affect entry/exit execution
High volatility expected in either direction
Trade Setup:
Primary resistance: $2.60
Secondary target: $4.30
Extended target: $7.00
Suggested stop loss: $1.00
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.
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.