The price has dropped and reached a strong support zone, showing a strong reaction from buyers. Now, we can expect either a rebound and continuation in the buy direction or a break of our zone with the price continuing in the sell direction. However, we must be cautious of a potential false breakout, so it's important to wait for market confirmation.
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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.