Last night's favorable CPI report indicates an improving economic environment, which can bolster investor confidence and potentially drive increased buying pressure in the market. This positive sentiment could push LISTA closer to its resistance levels.
*Short-Term
**Support Levels:
- $0.4952: Immediate short-term support from the 24h low. This level is crucial for maintaining the current price range.
- $0.4850: Strong support level that has held in recent trading sessions.
**Resistance Levels:
- $0.5418: Immediate resistance from the 24h high. A break above this level could indicate a short-term bullish trend.
- $0.5500: Psychological resistance and a recent barrier for upward movement.
*Long-Term
**Support Levels:
- $0.4850: Key long-term support level, providing a strong foundation for price stability.
- $0.4500: Critical support level if the price drops below $0.4850.
- $0.4000: Major psychological support and historical low.
**Resistance Levels:
- $0.5418: Immediate resistance, also significant in the long-term context.
- $0.6000: Significant long-term resistance level. Breaking this would indicate a robust bullish trend.
- $0.6500: Key resistance level for sustained upward movement.
*Trading Advice
**Short-Term Strategy:
- Buy: Near $0.4952 with a stop loss at $0.4850.
- Sell: Near $0.5418 if resistance holds.
**Long-Term Strategy:
- Buy: Accumulate near $0.4850 or lower with a stop loss at $0.4500.
- Sell: Target exits near $0.6000 or $0.6500.
By considering both short-term and long-term support and resistance levels, along with the positive economic impact of the CPI report, traders can make well-informed decisions for their LISTA investments. DYOR.
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