Technical analysis by perotrade about Symbol SAGA: Buy recommendation (10/10/2024)

Chart Analysis (SAGA/USDT) Published on Oct 10, 2024. The 4-hour chart shows a clear support level at approximately $2.3055 (highlighted with grey boxes), where price has historically bounced off multiple times. The price action suggests a consolidation phase around this zone, with frequent tests of this support level. The recent drop from the $2.7-$2.8 range is potentially targeting this same support zone again, as seen in previous dips. Watch for a potential bounce around this area or a breakdown below $2.3055 for further downside momentum. If a breakdown occurs, the next support levels could be around $2.1 or $2.0. Key levels to watch: Support: $2.3055 (major), $2.1 Resistance: $2.6, $2.8 Note: This chart is not financial advice. Please conduct further research before tradintp hit