Here's your $BERA price prediction:

Support and Resistance Levels:

First Support: 7.2878 (24-hour low)

Next Support: 7.205 (previous visible low on the chart)

First Resistance: 7.7205 (previous visible high on the chart)

Next Resistance: 8.2441 (higher level)

Bearish Scenario (Price may decrease):

If the price breaks 7.2878 support, it could move towards the next support at 7.205. After that, a potential level near 7.0 may appear (though not visible on the chart, it can be considered a psychological level). In this case, the price could trade between 7.0-7.2.

Bullish Scenario (Price may increase):

If the price bounces from 7.2878 support and breaks 7.7205 resistance, it could indicate a short-term bullish trend. In this case, the price may reach around 8.0 (24-hour high). However, volume should increase and the price should close above the moving average for this to happen.

Trading Strategies:

1. Short Position (Expecting price to drop):

Entry Point: Around the current price of 7.3945 or after confirmation of breaking 7.2878 support

Target: 7.205 or 7.0 (first and second support levels)

Stop Loss: Above 7.7205 (resistance level)

Risk-Reward Ratio: 1:0.58 (Stop loss may need to be tighter)

2. Long Position (Expecting price to rise):

Entry Point: If the price bounces from 7.2878 support and closes above 7.4409 (MA5)

Target: 7.7205 (first resistance) or 8.0 (24-hour high)

Stop Loss: Below 7.2878, around 7.25

Risk-Reward Ratio: 1:2.13 (quite good)

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