Key support level
The $7.6 support level is a strong support zone for the price. If it holds, an upward movement towards $10 and $12 is expected. However, if this support is lost, focus shifts to the next support levels.
6/22/20241 min read
The support level at $7.6 acts as a strong support zone. If the price can maintain this level, a new upward movement is likely to begin.
The price reaction to this support level is crucial. If we see signs of this support holding, the likelihood of an upward move increases.
If the support holds, we expect the price to first reach the level of $10 and then $12.
Risk and Trade Management: If the support at $7.6 is lost, attention should be given to the next support levels.