$BMNR Hold at 21.44 support, resistance at 22.96


Key levels: Price at $21.66; support at $21.44 and $20.00; resistance at $22.96 and $23.59.
Buy setup: Enter between $20.00 and $21.00 (holding cost), if selling slows down, enter at $21.44.
Sell setup: Gradually reduce positions at $22.96 (24-hour high) and above $23.50 (distribution zone). The current trading price is $21.66, within a narrow 24-hour fluctuation range, indicating low overall market volatility.
Support levels are at the intraday low of $21.44 and the large holding cost line at $20.00, providing solid bottom support for buyers.
Resistance levels are at the intraday high of $22.96 and the distribution zone at $23.59, with overall net selling pressure dominating.
Short-term: Watch whether $21.44 can trigger re-entry opportunities, or under current liquidity conditions, whether resistance at $22.96 will pull back.
Mid-term: If the holding cost line can withstand selling pressure, consider building positions in the accumulation zone between $20.00 and $21.00.
Long-term: Its feasibility depends on the fundamental performance of the underlying asset and the easing of distribution pressure from major holders and its impact on price trends.
BMNR-2.35%
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