It took 5 months for OP to fall from 4.86 USD to 1.061 USD, with an overall decline of 58%. After the decline stopped, it began to fluctuate. It has now broken through the bottom oscillation zone and entered an upward trend.
It is currently a new upward trend after the retracement to support, and will continue to rise in the future.
The basis is as follows:
1. After August 5, the overall lows and highs are rising, which is a healthy upward trend.
2. It broke through the long-term downward trend line.
3. It broke through the entire bottom oscillation range.
4. The rise began to increase in volume, and the fall decreased in volume.
5. The price broke the previous high.
6. BOLL began to open.
The above 6 clues are all signals of bullish strength, and just after breaking through the bottom, the retracement confirmed the support. In this case, it will continue to rise in the future.
This position is a good entry point for the mid-line, and the opportunity will not come again.
