$BERA is trading at $2.43, reflecting an increase of 12.1% compared to the previous day. The recent price has reclaimed the 20-day EMA ($2.22) and is above the 7-day SMA ($2.22) and the 30-day EMA ($2.09), indicating a potential shift towards bullish momentum.
Fibonacci Levels:
Applying Fibonacci retracement levels to the recent swing from $2.16 to $2.43:
38.2% retracement level: $2.32
50% retracement level: $2.30
61.8% retracement level: $2.28
The current price is above the 38.2% level, suggesting potential support and continuation of the uptrend.
RSI:
The 14-day RSI is at 55.84, indicating that $BERA is not overbought, leaving room for further upside.
Entry Area:
Safe entry: $2.30–$2.32 (near the 50% Fibonacci support)
Risky entry: $2.35–$2.37 (anticipating a breakout above the recent high)
Take Profit Area:
TP1: $2.50 (psychological resistance level)
TP2: $2.60 (previous resistance area)
Stop Loss Ideas:
Conservative stop loss: $2.20 (below recent support)
Tight stop loss: $2.28 (just below the 61.8% Fibonacci retracement level)