The price is testing a support zone. If it breaks lower, further decline could follow. In case of a rebound, the movement could turn upward toward the next resistance area.
The current trend appears weak, as selling pressure is still present. A stronger bounce with increased buyer momentum would be needed for a potential reversal.
The current trend appears weak, as selling pressure is still present. A stronger bounce with increased buyer momentum would be needed for a potential reversal.
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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.