After a period of selling pressure, price action has reached a critical decision point—testing the demand zone right at the bottom boundary of the ascending channel.
Rather than breaking down, price is showing clear lower-timeframe rejection and early signs of a bullish reversal off channel support. Buyers are beginning to step in, indicating that the higher-timeframe uptrend is ready
Entry, Take Profit (TP) levels are clearly marked on the chart
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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.