In the 4-hour chart, this slump was supported near 2.4, stopped falling and rebounded, and was blocked twice near 3. At present, after breaking through 3, it rebounded near 3, and it is bullish. The RSI indicator is running steadily above the neutral 50, in the bullish range, and continues to be bullish. In terms of operation, the pattern breaks through the resistance and steps back and rebounds, and it is expected to continue to rise. Stop loss at 2.95 near 3 and see near 3.6.
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.