What I’m seeing here is that the price made a false breakout below the 200 EMA, just like it did in the previous move back in early 2023. It dipped below, tricked a lot of people, then snapped back up strong.
Now it’s kind of repeating that same behavior another fake break below the 200 EMA and a bounce If history repeats we might see a similar upside move from here.
Just my personal view — not financial advice. Markets are unpredictable, so always be cautious.
Now it’s kind of repeating that same behavior another fake break below the 200 EMA and a bounce If history repeats we might see a similar upside move from here.
Just my personal view — not financial advice. Markets are unpredictable, so always be cautious.
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