After 24th's breakthrough, the highest price went to 461.2 on Binance. it doesn't have the power to keep conquering higher positions so the price started to pull back and with no surprise, tested the previous resistance(44-450). Also the previous double bottom's neckline. We can imagine how big the support is in this high-value area. When changing the timeframe to 1 hour, the chart shows an uptrend line with higher lows which is another good signal. As long as the price didn't go blow 440, it can still be seen as an uptrend now as we should seek for a long position.
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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.