Support Zone: A strong horizontal support level is drawn around the $3,104 - $3,106 range.
Retest of 0.38 Fibonacci Level: The price has retraced and tested the 0.38 Fibonacci level, which is often a strong support zone.
Safe Entry Zone: A "Safe Entry Zone" is marked between $3,115 and $3,134 indicating a possible bullish confirmation area.
Confirmation Needed: Traders might wait for price action confirmation before entering a buy position.
Retest of 0.38 Fibonacci Level: The price has retraced and tested the 0.38 Fibonacci level, which is often a strong support zone.
Safe Entry Zone: A "Safe Entry Zone" is marked between $3,115 and $3,134 indicating a possible bullish confirmation area.
Confirmation Needed: Traders might wait for price action confirmation before entering a buy position.
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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.
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.