$POPCAT on the daily chart.
The asset is demonstrating a classic downward trend phase, having reached a potential bottom. I highlighted the zones from which the price may bounce + marked possible upward movement scenarios.
Information for the position
Duration 7 days.
Entry point 1.3$/1.4$.
Fixation point 0.96$/1.38$.
Risk 2 / 5.
Entry point at the support level, confirmed by volumes. We see buyer activity in this zone. We recommend beginners wait for confirmation of bullish momentum by breaking $0.75, as there is local resistance that, if broken, will determine further movement.
Wishing everyone profits 🫶