The daily is still showing strong green signals with multiple bullish engulfing candles. I would like to see it get to $5 before a major Retracement, which would be the top level of Resistance in the current channel.
Currently we sit up 65% on this call and I could take profit now, but I don't have any major concerns as we have generated plenty of room on this position.
We will consider to trade out of the position if we get a Crossover on the daily from our custom tools.
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.