SYN analysis:
The price has rebounded from the uptrend support line and is currently testing the resistance area. A small ascending triangle is forming, and we may soon see a breakout from this triangle. This area is currently a no-trade zone, so it’s better to wait for a clear breakout above the resistance before making any new entries.
Support Area: $0.50-$0.53
Resistance Area: $0.678-$0.745
