After analysis of Highs and Lows I'm unable to find new Lower Lows and it seems that there is still potential to test last high $5 with risk reward ratio something like 1:15. On the other hand you can see reversed cup setup which might indicate strong move down so SL on 1,99 but when this pattern is negated after price move above $3 you can expect strong upside move.
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opened another position
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SL