The price is relatively low and quite close to a very important support level. What is more, we have a short-term support line which will most probably push the price towards its first resistance level (the thin red dashed line ). A case of breaking the support is possible but not that likely according to me. I believe that the price will go up towards the support level after bouncing the green line.
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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.