When we look at the current picture, the level it’s at is the $0.2260 resistance level. I believe that if this level is conquered and high timeframe closures are achieved above it, the price will aim to test the higher resistance levels. The primary resistance I’m monitoring is in the range of $0.2777 to $0.2850. The next resistance I’m keeping an eye on is between $0.3270 and $0.3350. If it fails to break this level and experiences a pullback, the initial intermediate support I’m watching is at $0.2120, with the main support ranging from $0.20 to $0.1965.
The analysis shared here are not investment advice; however, they present support and resistance levels that are believed to provide short to medium-term trading opportunities in the market. The responsibility for making trades and managing risks lies with the user. It is strongly recommended to use stop-loss orders in the trades that are shared.
