We can see that following the recent pullback, we are back in the rising channel. The correction followed by the dumps was a necessary process to liquidated traders on high leverage. Whales mass dumping (short) on high leverage.
We should be closely watching this chart to see how it moves, now is a good time to enter long and set your stop loss fairly tight. The risk to reward ratio is juicy!
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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.