This chart suggests a potential bullish reversal if the price can break above the descending trendline and the $5.460 level. Traders may want to watch for price action around the $5.220 support zone, as a break below this level could signal further downside. Conversely, a move above the descending trendline could provide an opportunity to target higher levels around $6.070.
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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.