($BERA )
is currently trading at approximately $7.63. Recent analysis indicates a bearish trend, with the price below the 50-day moving
average of $7.89 and a Relative Strength Index (RSI) of 42.89, suggesting oversold conditions.
Buy Zone: Considering the support levels, a potential buy zone is between $6.80 and $7.00. This range has been identified as a strong support area where buyers may step in.
Target Prices:
Target 1: $8.00
Target 2: $8.50
Long-Term Target: If the price holds above $7.50, there is potential for a move towards $9.00 to $10.00 in the coming days.
Stop Loss: To manage risk, consider setting a stop loss below $7.30. This helps protect against further downside if the price continues to decline.
Risk Management Tips:
Always use a stop loss to limit potential losses.
Monitor trading volume and price action before entering trades.
Trade with proper position sizing to manage risk effectively.
Please note that cryptocurrency markets are highly volatile. It's essential to conduct thorough research and consider your financial situation before making investment decisions. This information is not financial advice.