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$SAGA BULLISH MOVEMENT UPDATES‼️
1. Support Levels:
- 1.7127: This is the 7-period moving average (MA), acting as a near-term support.
- 1.6270: The 24-hour low, serving as a key support level.
- 1.6062: The 25-period MA, another potential support level.
2. Resistance Levels:
- 1.8830: The 24-hour high, acting as the primary resistance level.
- 1.7791: The current price is also a resistance point, as it's near the high of the recent upward trend.
Breakout Possibilities:
1. Bullish Breakout:
- If the price breaks above 1.8830 (the 24-hour high), it could signal a bullish breakout, potentially leading to further gains. The price might then target psychological levels like **2.00** and beyond.
- Indicators to watch for a bullish breakout include increasing trading volume and the price staying above the moving averages (MA7, MA25, and MA99).
2. Bearish Breakout:
- If the price falls below 1.7127 (the 7-period MA) and 1.6270 (the 24-hour low), it could indicate a bearish breakout. This could lead to a downward movement towards the next support levels, potentially around **1.6062** (25-period MA) or lower.
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