🧠We broke downtrend line and formed a long structure, but we are currently in resistance zone, so we need to wait for price to return to downtrend line or yellow support zone before we can participate in new long trades.
➡️If we can form an ascending triangle in current resistance zone and break through, then I will consider participating in some small long trades at market price.
⚠️Note that downside risk is not completely eliminated, so new trades need to be conservative.
Let's see👀
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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.