Market Taking Support in Hourly Chart –Potential Upward Movement

The market has taken support in the hourly chart implies that the current price level is likely to hold as a short-term floor, with the potential for an upward movement from here. Traders may look for confirmation signals such as bullish patterns, increased volume, positive divergence, or moving average crossovers to enter long positions. However, it's crucial to monitor the support level closely, as any significant breach below it could negate the upward bias and lead to further downside risk.