Short Term rebound due to steep price drop
Very strong sell trend, likely influence by major news/ fundamental analysis. However, such reactive price movement are bound to experience a corrective rebound effect. There is a long/buy opportunity as buyers/sellers are going to respond to support line.
Depending on how the rebound perform, this will inform if price will continue hovering at support line in coming weeks.
Depending on how the rebound perform, this will inform if price will continue hovering at support line in coming weeks.
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