In today's idea, the main role is played by the resistance line and the support line. As we can see, the price reached the resistance line and broke it slightly. This minor breakdown can be called false. Now the price will make its reversal and will go down. The resistance line has pushed the price down many times. So it served as a good direction for our idea today.
I think that today the price will return downward and may resume its downward fall. I expect the price to hit the support line and this will be its first target. But also look at the posting line. She accepts the price well and then pushes her away. This can serve as a good sign for the next price movement.๐
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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.