The red highlighted area below the current price action marks a strong support zone around the 15.00 - 20.00 range.
This level has previously provided a strong base for price to move higher.
A significant resistance level is identified at 45.00, which is the projected target for the upward movement.
Intermediate resistance levels at 39.91 and 42.78 might also be observed, acting as potential take-profit points.
The price recently broke above a key level of 24.24, indicating bullish momentum.
The chart shows a significant upward movement with a projected path towards the 45.00 level.
Ensure proper position sizing to avoid overexposure to market volatility.
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