MRP - Long Term Idea
We may derive the following from the Weekly MRP chart:
1. Price is still in a downtrend.
2. We have a bullish zone at around 177.
3. Price i.m.o should drop lower first before a longer term push to the ATH.
4. I would consider buys at the weekly support, but for now, unless you are short, there isn't much of an opportunity.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
1. Price is still in a downtrend.
2. We have a bullish zone at around 177.
3. Price i.m.o should drop lower first before a longer term push to the ATH.
4. I would consider buys at the weekly support, but for now, unless you are short, there isn't much of an opportunity.
5. As always - maintain your risk.
Note: The views provided herein do not constitute financial advice.
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