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According to the chart you can see the price from the begining is moved in upward channel and exactly impacted the the trendline of the channel. We shown on chart two arrow that is important one them is pullbacked to the midline of upward channel that is one of the acceptance that the price can drop more to reach to the below trendline of the channel and the other one is the key point that is most important because if the price break that support zone (green box) the trend of price change and its unlikely
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