TECHNICAL BREAKDOWN: โโโโโโโโโโโโโโโโ 1. HISTORICAL CONTEXT: โข Price at multi-year support level โข Significant consolidation since May 2023 โข Major historical resistance levels marked
2. KEY PRICE LEVELS: โข Current Support: ~$0.13-0.14 โข First Major Resistance: $0.74760 โข Second Major Resistance: $1.65318
3. VOLUME PROFILE: โข Current Volume: 29.45M โข Low volume consolidation phase โข Potential accumulation period
STRATEGIC OUTLOOK: โโโโโโโโโโโโโโโโ LONG-TERM POTENTIAL: โข Two major upside targets identified โข Historical resistance levels as targets โข Significant upside potential from current levels
RISK CONSIDERATIONS: โข Current downtrend needs reversal confirmation โข Volume increase needed for momentum โข Extended consolidation possible
ENTRY STRATEGY: โโโโโโโโโโโโโโโโ โข Wait for reversal confirmation โข Look for volume expansion โข Consider scaling in on breakout confirmations
RISK DISCLOSURE: โโโโโโโโโโโโโโโโ Trading involves substantial risk. This analysis is educational and should not be considered financial advice. Always conduct your own research and trade responsibly.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.