1. Expecting string breakout. 2. Price is rejecting the lower levels, seems it's not interested in going down. 3. Taking support from the EMA, and a double bottom W formation is confirmation of the bullish bias and strength of the buyers.
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
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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.