We have a bullish structure on the chart, and in a broader view, there is a double-bottom pattern. The price is currently supported by these formations.
Recently, the price has also reached a demand zone, so a pump is expected soon. Be cautious with buy/long positions.
A daily candle closing below the invalidation level will invalidate this outlook.
Do not enter the position without capital management and stop setting Comment if you have any questions thank you
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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.