Market Balance Dynamics
The market is currently exhibiting a prolonged initial balance on the downside, indicating a period of consolidation.
Accumulation of Passive Buyers
There seems to be a potential accumulation of passive buyers taking advantage of the downtrend, suggesting that buying interest may be building.
Uncertainty in Market Movements
However, it is still too early in the market to predict definitive movements, leaving room for either further downward trends or recovery.
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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.
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.