Looks like a possible Cup and Handle formation, which if correct would indicate a target of around $8. Fib extensions suggest a possible target of $6.90. Since I don't know 1) really anything about what this token is and 2) I don't use C&H much and also since 3) the market has had a few dips during the last couple days I will keep a tight stop loss and only open a small position.
In either case if BTC and the alt market continues to look strong I will probably add to this as this was in an obvious strong recent uptrend.
In either case if BTC and the alt market continues to look strong I will probably add to this as this was in an obvious strong recent uptrend.