Another stock that is beaten down and has been consolidating between weekly SR levels (white box).
Just expecting it to get out of its current range to the next volume area at ~$3.30 then to the volume area at ~$5.20.
You can play the breakout or enter early (I entered early since the RR is fine for me, especially since SL is at the lows).
Could it get to the volume areas at $7 and $10, maybe, I rather just play it as it goes, TP around $5.20 and if it continues to the upside, reenter and re-adjust my risk.
Just expecting it to get out of its current range to the next volume area at ~$3.30 then to the volume area at ~$5.20.
You can play the breakout or enter early (I entered early since the RR is fine for me, especially since SL is at the lows).
Could it get to the volume areas at $7 and $10, maybe, I rather just play it as it goes, TP around $5.20 and if it continues to the upside, reenter and re-adjust my risk.