Price is returning to the weekly demand zone, which aligns well with Fibonacci levels. I anticipate the price will reach the blue box (daily demand) and take off from there. While it may reclaim the blue trendline, there's also a chance it won't. Personally, I won't wait for a retest of that trendline to enter the trade.
I’ll look for LTF confirmations to initiate the trade.
SL: $1.725 (below daily close)
TP: $4.87 (ATH)
I’ll look for LTF confirmations to initiate the trade.
SL: $1.725 (below daily close)
TP: $4.87 (ATH)
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