The price approaches a resistance level, we have two potential scenarios: if it breaks through the level convincingly, it could signal a bullish opportunity for a long trade. However, if we observe a rejection candle forming at that resistance, it might indicate a potential reversal and a forthcoming decline in price.
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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.