We are in the daily time frame. You see that yesterday’s candle created a shadow at the R1 line showing that the supply is high in this area. We expect the price to move down to the S1 support line. If the S1 line is broken, we will update the analysis. But if it stabilizes above it, it can move up to the R2 line. If S1 is broken, the next support would be S2 which is less likely.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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