The price reached it's weekly resistance of $5.9 - $5.8, when the price reached this level a long legged doji candle stick closed yesterday Daily timeframe.
On it 4h timeframe, price tells us that it cannot reach its current high anymore, where it might give us a hint that this sign of reversal might materialize this week.
There will be possible retracement that can be seen on intraday timeframe where you can time your entries.
I expect for the price to hit $4.8 - $4.7 level support that used to be a resistance.
I still consider this as an uptrend, expect that there will be a new attempt to retest its recent high . But if it successfully breached and didn't hold that level, there will be a new attempt to reach 3.50 bottom one more time
#tradeResponsibly
On it 4h timeframe, price tells us that it cannot reach its current high anymore, where it might give us a hint that this sign of reversal might materialize this week.
There will be possible retracement that can be seen on intraday timeframe where you can time your entries.
I expect for the price to hit $4.8 - $4.7 level support that used to be a resistance.
I still consider this as an uptrend, expect that there will be a new attempt to retest its recent high . But if it successfully breached and didn't hold that level, there will be a new attempt to reach 3.50 bottom one more time
#tradeResponsibly