📊 IO/BNB Analysis:1.Support and Resistance:
- Support (S): The area around 0.003972 (24-hour low) acts as strong support. If the price approaches this level, consider it a potential buying opportunity.
- Resistance (R): The 24-hour high at 0.004462 serves as a resistance level. A breakout above this could signal further bullish momentum.
2.Entry Strategy:
- Buy Entry: Consider buying if the price holds above the moving averages (MA60 and MA660) and breaks above the resistance (R).
- Stop Loss: Set a stop loss just below the support (S) level.
3.Current Values: - Price: 0.004101 - MA60: Green line - MA660: Purple line - MACD: Positive (bullish)
4.Previous Values:
- 24h High: 0.004462
- 24h Low: 0.003972
:Trade cautiously and adapt to market conditions. 🚀
:📈Remember that trading involves risks, and this is not financial advice. Always do your own research and consult with professionals. 🙌💡
