On a higher time frame, this asset has completed a reversal formation. During the uptrend, signs of accumulation by a large player were observed, forming a volume zone at $2.25–$2.00. Upon testing this zone, we consider a medium-term long position, with the first take profit at $5.
The only factor that could halt this trend is strong selling activity, as no significant resistance zones are observed up to the mentioned price level.
The only factor that could halt this trend is strong selling activity, as no significant resistance zones are observed up to the mentioned price level.
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