Currently bouncing off the support of descending channel. Successful bounce should see a retest of the resistance of the channel. Break through that and we will retest the top of the channel ($270) which is also a big resistance line.

Great opportunity for a potential long position here.
Note
The bounce played out very nicely.

Entering a long around here - Could get a small retest of the topside of the channel.
Chart PatternsDescending ChanneldyorTechnical IndicatorsLTCperpetualTrend Analysis

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