The price has dropped significantly and reached a strong zone. This zone has been tested multiple times in the past as strong support, indicating that buyers are active in this area. We are watching for a bounce off the zone and potential continuation in the buy direction, or a break below the zone, followed by a retest, which could signal a continuation in the sell direction.
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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.