#ReboundRally
Technical Analysis:
1. General Trend:
• The trend has been bearish for a long time, but there are signs of a possible reversal after breaking the downtrend line.
2. Key Support Levels:
• $0.992: Strong support level that shows that the price respects this level.
• $1.255: Another potential support level in the short term.
3. Resistance Levels:
• $3.400: First target in the medium term.
• $6.822: Second target if the uptrend continues.
• $9.919: Expected long-term target, which represents a rise rate of more than 694.43%.
4. Positive Signs:
• Strong bounce from support levels.
• Breaking the downtrend line confirms the possibility of a rise.
Strategy:
• Buy: When the price tests the support levels ($1.255 or $0.992).
• Partial Sell: When targets $3,400 and $6,822 are reached.
• Full Sell: When long-term target $9,919 is achieved.