Key Levels
• Support: Ascending trendline
• Resistance: $2.30 – a key level that acted as support since early April
• Measured Target: $2.50–$2.55 – aligns with prior support area
• Watch out for the longer-term descending trendline, which could act as resistance on breakout around ~$2.40
Breakout Trigger
A solid 4H close above $2.30 with convincing volume could confirm the move
Invalidation
A sustained break below the ascending support would fully invalidate the setup and potentially lead to a drop to $1.70
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