๐ HIGH has recently experienced notable market dynamics. Currently, it is confronting resistance in its price trajectory.
๐ A successful breakthrough of this zone would indicate a confirmation of reclamation and could pave the way for breaching the resistance trendline, probability leading to movement towards our target area.
๐ However, if HIGH fails to penetrate this resistance and encounters rejection, there is a possibility of a downward movement towards the support trendline.
๐ The support trendline holds crucial significance, as a breakout above it would signal a bullish trend continuation. Conversely, if the support is breached, it could signify a return to a bearish trend, with the next target being the support area, and there is even potential for further downward movement.
๐ A successful breakthrough of this zone would indicate a confirmation of reclamation and could pave the way for breaching the resistance trendline, probability leading to movement towards our target area.
๐ However, if HIGH fails to penetrate this resistance and encounters rejection, there is a possibility of a downward movement towards the support trendline.
๐ The support trendline holds crucial significance, as a breakout above it would signal a bullish trend continuation. Conversely, if the support is breached, it could signify a return to a bearish trend, with the next target being the support area, and there is even potential for further downward movement.
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE๐ t.me/+QwK2mkoTGBU0Nzc0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE๐ t.me/+QwK2mkoTGBU0Nzc0
๐๏ธOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals ๐ shorturl.at/ikpAV
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.