Support Levels:
$0.50: This level may act as a strong short-term support. If the price pulls back to this level, it could attract buying interest.$0.45: This is another significant support level. A decline toward this area might present a potential opportunity for a rebound.
Resistance Levels:
$0.55: Close to the current price, this resistance level may lead to short-term selling pressure. A close above this level could signal continued upward momentum.$0.60: If the $0.55 level is breached, the next short-term target could be around $0.60. Profit-taking might occur at this level.
Short-Term Strategy Recommendation:
Buying Opportunities: Consider buying if the price pulls back to $0.50 or $0.45 levels. In this scenario, setting a stop-loss at $0.43 would help limit risk.Selling Opportunities: It may be prudent to take profits around the $0.55 resistance level or as the price approaches $0.60. Given the high volatility around the U.S. elections, closely monitoring stop levels is essential.
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