- Price is in an uptrend, making higher highs and higher lows, finding support above the 200 EMA.
- Currently, the price is retracing to the previous support zone near the 200 EMA. It is likely to find support and bounce back from there to continue its bullish momentum and test its previous swing high.
That is a good sign that tells that the upward momentum is very likely to continue. Sustaining above such level gives further confidence for continuation of uptrend.
Long entries zones
➡️First zone: 0.54$:
The level represents perfect re-entry for anyone looking for expected bullish moves, as its break above remains poised to renew bullish momentum."
➡️The Second Area: $0.52
So, a pullback to test the level could be a nice possibility for a long position, given that it should not be broken substantially to the downside in order to keep the bullish view