Uptrend will resume

After the sudden drop during Asian hours, price recovered fast and made a HH in lower time frames. Now price might retrace back to demand area that was created. $0.1175 would be a good point for longs. If the price continues up and make a new HH in higher time frames, I don't think the retracement will be that deep.

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I'm glad to be wrong. Price went much further without any retracement. I'm waiting for a resistance between $0.17-$0.20.