Professional Analysis
#### Support and Resistance Levels
- **Support Level:** $1.350 (recent low)
- **Resistance Level:** $1.600 (recent high)
#### Entry Signal
- **Entry Point:** Consider entering a long position if the price breaks above the resistance level of $1.600 with strong volume.
#### Stop Loss and Take Profit Levels
- **Stop Loss:** Place a stop loss slightly below the support level, around $1.300, to minimize potential losses.
- **Take Profit:** Set a take profit level at the next significant resistance, which could be around $1.750.
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