Trade setup: Price broke above $10.00 resistance to signal continuation of uptrend, with upside potential to $12.50. Stop Loss (SL) level at $8.90.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $8.00 (previous resistance), then $5.40. The nearest Resistance Zone is $10.00, which it broke, then $12.50.
Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance: Nearest Support Zone is $8.00 (previous resistance), then $5.40. The nearest Resistance Zone is $10.00, which it broke, then $12.50.
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