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Price is moving within a clear range, bouncing between the upper resistance (upper bound) and lower support (lower bound). Recently, it dropped from the top of the range and is now approaching the lower zone again, where buyers have stepped in before.
At the same time, price is sitting on a rising trendline, adding extra support. This area is a potential buy zone, so the idea is to look for long entries here, targeting a move back toward the middle or top of the range.
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Price is moving within a clear range, bouncing between the upper resistance (upper bound) and lower support (lower bound). Recently, it dropped from the top of the range and is now approaching the lower zone again, where buyers have stepped in before.
At the same time, price is sitting on a rising trendline, adding extra support. This area is a potential buy zone, so the idea is to look for long entries here, targeting a move back toward the middle or top of the range.
Don’t forget to like and share your thoughts in the comments! ❤️
Note
Price is at support with a falling wedge. Possible bounce upward from this zone.Trade closed: target reached
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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.