My opinion is that first the price goes to the stop-loss area (yellow) of long positions and with the activation of stop-loss, a hard dump(low time frame) is done.
And then we reach the support area (blue) and the price is supported
And then we reach the support area (blue) and the price is supported
Trade closed: stop reached
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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.