Here is the professional analysis based on the chart:
Long Trade Setup:
Entry Range: $3.180 - $3.200
Target 1: $3.240
Target 2: $3.280
Stop Loss: $3.100
Short Trade Setup:
Entry Range: $3.170 - $3.150
Target 1: $3.120
Target 2: $3.090
Stop Loss: $3.210
Observations:
Bullish Case: If the price breaks and sustains above $3.200, we could see further upward momentum toward $3.280.
Bearish Case: A rejection from the $3.180 level might lead to a retest of $3.120 or lower.
I'll prepare a chart with clear annotations for better visualization. Please hold on!
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