AUC setup is shaping up well. After the initial breakout on expanding volume, price has pulled back ~30% and now retesting the top of the prior range. That’s a healthy retrace, and structurally, the chart still leans bullish.
Entry
You could begin scaling in here, but the more compelling support zone sits closer to ~$0.56. Notably, October closed with heavy volume and a bearish engulfing candle so ideally, we want to see this pullback continue on declining volume with overlapping candles. That would signal absorption rather than distribution.
Take Profit (TP)
• First TP sits around the EQ of the monthly supply structure (already marked).
• Beyond that, there’s minimal overhead resistance, so you can trail stops using higher swing lows as they form.
Stop Loss (SL)
• Since we haven’t seen a new swing low (LPS) yet, the $0.220 LPS remains the logical invalidation point.
• Once a monthly higher low confirms, you can tighten the stop accordingly.
• Until then, risk management is key especially for a small cap stock
交易進行
TP 1 hit 23rd December. trail SL to protect gains. Let's see how price reacts in this supply structure. Overall, looking very nice with volume and price action.註釋
nice break. can add to position and bring stops up to new Swing low ~0.715
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