AbeoAbeona Therapeutics Inc.BATS:ABEOIbrahimTarek🔍 Technical Analysis – Daily Chart 🟩 Entry Zone: $5.32 – $5.20 Support Zone: Price is currently sitting within a well-defined support zone (green area), which has acted as a significant demand area in the past (late May and mid-April). This zone shows multiple price reactions, making it a key accumulation area for potential buyers. The candlestick wicks within this area suggest buying pressure is building up. 📈 Potential Reversal & Upside Projection A bullish reversal pattern seems to be forming, with the potential to create a higher low, signaling a possible trend change. The blue projected path indicates a bullish move towards the next resistance zone. 🎯 Target Zone: $6.37 – $6.65 This red resistance zone has acted as a strong supply area, capping price advances multiple times in the past (June, August, early September). A move towards this area would represent a potential upside of approximately 20–25% from the current price range. Watch for selling pressure or consolidation once this zone is approached. 📊 Market Structure The overall structure suggests the price is in a range-bound market, with clear support and resistance levels. The move from support to resistance may form a swing trade opportunity for short- to medium-term traders. 🔧 Key Technical Notes Risk Management: Stop-loss could be considered just below the $5.20 level to protect against breakdowns. Confirmation: Look for bullish reversal patterns (e.g., bullish engulfing, hammer) or increased volume to confirm entry. Trend Shift: A break above $6.65 with volume may indicate a trend reversal to the upside. 🧠 Summary Bias: Short-term bullish within a range. Entry Zone: $5.20 – $5.32 Target Zone: $6.37 – $6.65 Invalidation Level: Below $5.20 This setup offers a favorable risk-to-reward ratio, provided market conditions and volume support the move.