It seems suitable for buying from this area. If it continues to remain in the uptrend, it is likely to reach $6-7 again at the next peak. In case it loses the trend, $1.88 and $1.20 act as support levels. This is not investment advice.
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If it makes the previous trend move and supports it with volume, a return may be near, but if it loses the trend, there is a possibility of going lower. This is not investment advice.