Price has reclaimed the $2.50 level, which previously acted as resistance and is now turning into near-term support. Holding above this zone keeps the structure constructive, with buyers defending pullbacks above the rising EMA. A sustained hold above $2.50 opens room for a continuation move, while a failure back below would invalidate the breakout and shift bias neutral-to-bearish.
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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.