As we can see, the zone does not release the price. The price is still sticking to the zone and is gaining strength for a rapid downward fall. In today's idea, the main role is played by the support line and the resistance zone. Note how from February 8th to February 17th the zone also kept the price. This was followed by growth. In today's case, a fall will follow as the price is set to decline.
Today I expect that the price will bounce off the resistance line and start its rapid decline downward. I think it will be a profitable drop to the support line.📉
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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.