One can consider opening a long position and accumulating the asset on the spot, as I expect the price may rise again to at least the level of
2.8498$.
2.2$ is a fairly strong support level from which one can look for entry points. I assume that the price of the asset should show an upward trend, starting from the moment a new, higher low is formed, confirming an improvement in market conditions.
The expected target for the price increase of the asset is the previous swing high at 2.9092$, from where the price previously fell.
