Good entry point
From a technical analysis point of view, this trade looks to be promising now. From the previous resistance line around $5.50 that has looked to turn into a support line for the upcoming move up. A short stop loss can be placed underneath this short-term support in case this turns out to be a fake breakout.
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.