This is over 5 yrs on a weekly period. We are at a pivot point. See the beautiful "W" pattern. If it breaks above $7 strongly, then that's where you'd play bullish. Otherwise, it's ride it down to the $3 area.

Indicators are pointing that it will go back down to $3 area, after it stops at $5. MACD is lowing bullish strength. Volume is not really saying it's real strong in bearishness, though. We could be in a compression period.

If it breaks below $5.25, I would go bearish.

Okay, that point really is $5.50 to take a bearish position, and above $8, I'd go bullish.
Could you play in between. Yes, you can. Just keep your stops nearby.
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