I see here an interesting spot to invest. The price comes to the strong resistance lvl: 10$. It's key lvl by support lines also it's a strong psychological lvl.
So this is my argument 🧐:
📃 Oversold. -83% price dump from the last local High. 📃 10$ strong support zone. 🚀 Huge volume on 12$ - possible investors "accumulation zone". 🚀 Price "Plato" for the last 4 weeks. Looks like accumulation for the pump. 📃 Under 50 MA on W chart. 🚀 Risk/profit ratio ~ 4
So what I am expecting here: it's moving to 50 MA zone on W chart. It's ~16$ for now or 40% gain. SL you can put under 10$ support line.