After a prolonged decline, buying activity is beginning to dominate again. A strong volume support level has formed in the $17.5–$16.5 zone.
If price retests this area and buyer reaction appears, a long position can be considered with a target at the technical level of $24.8.
This publication is not financial advice.
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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.
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.