The price is in an uptrend and has now reached a support level, which means there’s potential for buying. However, previously the price bounced off the resistance after moving upward for a while, showing five bounce points.
Now, we are waiting to see if the price will continue upward or break below the support level, which could signal a change in trend. So, it's important to wait for confirmation before making a move.
Now, we are waiting to see if the price will continue upward or break below the support level, which could signal a change in trend. So, it's important to wait for confirmation before making a move.
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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.