We recently covered the BIT coin on our platforms. A coin that the ByBit exchange uses to participate in its launchpad and types of services. In a nutshell, it's a counterpart to Binance Coin. A very promising coin, we have high expectations for it. Looking from the technical analysis side, the price is now near a support level. The first time the price tested this level as support, there was a good buying opportunity and there was a 25% increase. Now the price is testing this level again and it is impossible to say with high probability that this level will hold. If the big players got enough liquidity, the price could reach the target marked above. If the support fails to hold, the next area where the price can come to is the area marked below.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.