However, it's crucial to be cautious, as a drop below 70.00 may test the 60.00 support.
Here's a breakdown of the key levels:
- Entry Level: 73.03
- Target 1: 80.00
- Target 2: 85.00
- Support Levels:
- 1️⃣ 70.00
- 2️⃣ 60.00
- Resistance Levels:
- 1️⃣ 80.00
- 2️⃣ 85.00
To further analyze this setup, let's consider the technical indicators. The Relative Strength Index (14) and Stochastic %K (14, 3, 3) can provide insights into the asset's momentum and potential reversals ¹.
Keep in mind that technical analysis is not a guarantee of future price movements. It's essential to manage risk effectively and consider multiple perspectives before making trading decisions.