What can we learn from this $HIFI #HIFIUSDT trade?

Let's dissect it together.

Indicators:
VWAP
Volume

At a higher timeframe, $HIFI bounced at 0.5 fib level.

Which led us to this bounce.

We took the trade at the double bottom and closed our trade before the tightening of the price.

We then took another entry as we were expecting a potential breakout and it did secure us a 200 profit.

We've now re-entered the trade again as the price in the lower timeframe is near and above VWAP.

We might be able to break the resistance at .63

Overall I am bullish with HIFI.