zooming out, you can see we broke out from the ascending channel and tapped resistance line, we just lost the 4h 200MA so we have two levels of support for a bounce which I will show you below 👇
Note
see the diagonal white dashed line, we must bounce there or the green line, which is a major support level because it is the upper channel of the ascending channel which was resistance for a long time, we must bounce on two of these levels or capo was right lol 
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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.