As we can see the price creates a fresh demand at the end of the past week. This demand is also a Quasimodo level. In addition, we can see the MACD divergence. That cofluence of MACD divergence and fresh demand (Quasimodo) creates a great setup for buy position. The entry-level will be the demand below and the target will be the resistance above.
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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.