This area has acted as a strong demand zone multiple times in the past — making it a good DCA (dollar-cost averaging) region for long-term investors.
If price holds this level, we could see a reversal or strong bounce toward the $4.5 and $6.6 resistance zones.
Key levels to watch:
🟢 Support: $1.8 – $2.2 (Fib + Trendline zone)
🔴 Resistance: $4.5 → $6.6
Patience pays off near major confluence zones 👀
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
