To continue the hypothetical movement towards the $4.8 range, it is necessary for the price to return above the level of $4.25 to $4.30 at least in the 1-hour timeframe, in which case there is a possibility of forming a double bottom pattern on the support and increasing the price again for a short term. becomes So, the first short-term impact of the price to the resistance level of $4.30 can be associated with a negative reaction.
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