AUDIO has done nothing interesting in the last 3 months (chart perspective).
But now, after the long retracement, price is near support around $1.4, we are near the break of the descending diagonal and the MACD is turning bullish. RRR is interesting.
This is not a buy signal yet. Typically, in such cases, you want to see a strong volume on the 4H or 1D to suggest a real breakout before entering a long position.
A successful retest of the horizontal support might be another (more aggressive) entry.
In any case, wait for bullish confirmation before going long.
But now, after the long retracement, price is near support around $1.4, we are near the break of the descending diagonal and the MACD is turning bullish. RRR is interesting.
This is not a buy signal yet. Typically, in such cases, you want to see a strong volume on the 4H or 1D to suggest a real breakout before entering a long position.
A successful retest of the horizontal support might be another (more aggressive) entry.
In any case, wait for bullish confirmation before going long.
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