After analysing the 2-hour chart, we observe that the price is currently trading just below a key resistance level without any significant correction following its recent move. This lack of retracement, combined with the resistance overhead, suggests that a pullback is likely. We anticipate the price to retrace toward the potential target highlighted on the chart.
⚠️ Please remember:
Every trade carries risk. Protecting your capital should always be the top priority.
Wishing you a successful and green trading week!
⚠️ Please remember:
Every trade carries risk. Protecting your capital should always be the top priority.
Wishing you a successful and green trading week!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.