The price is consolidating on the 1H timeframe, testing the resistance zone, where the market's decision is anticipated. Two scenarios are possible: a breakout of the resistance with a search for buy positions after confirmation, or a rejection, where the price could drop back toward the support zone, offering potential buying opportunities.
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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.