🔴PancakeSwap is in a positive phase of value enhancement. The launch of new services and deflationary token burns are giving the token additional momentum. Despite the current price correction, the technical support remains strong. If the $2.48–2.54 level is tested and shows positive resistance, we may be at the beginning of a new upward wave toward $2.90 and possibly beyond.
🔴Advice
Closely monitor support levels and watch volume trends after the burn and stimulus program.
Be prepared to adjust your strategy based on a breakout of resistance or a downward breakout; a stop loss below $2.48 could be a wise move.
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