The trend has shifted from bullish to bearish, and the price is dropping significantly. There is a strong supply zone that could trigger another downward wave upon contact. The scenario suggests that if the price reaches this resistance area, we should look for confirmations to move downwards.
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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.