Hey guys! ๐
Check this out ๐
The price is testing a descending trendline. If it breaks above, we might see a bullish move! ๐ฏ
Hereโs what I see:
โ Support Levels: $3.22 and $3.03. These are like safety zones if price goes down.
โ Resistance Levels: $3.53 and $3.71. Price needs to cross these for a big upward move.
If the price breaks and retests the trendline, Iโm expecting it to target the $3.71 zone. But if it fails, watch out for $3.22 as support.
Remember to manage risk!
Entry: After confirmation of breakout.
Stop-Loss: Below $3.22.
Take-Profit: Around $3.71 or higher.
What do you guys think? Need your valuable comments! ๐ฅ
