If the price returns to this green zone, buyers could reenter, pushing the price higher.
Strategy:
For long entries, watch for confirmation of a rebound in this zone. If you are currently short, this could be a good area to reduce your position as buyers may step back in. Stay cautious and manage your risk accordingly!
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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.