The price has been fluctuating for the third consecutive day below the orange resistance level shown in the chart ($400–403).
A decisive direction is likely to emerge soon, and it should be supported by increasing volume.
If a breakout to the upside occurs, it could be an opportunity to increase exposure or enter partially.
Conversely, if the price decisively reverses downward, it's better to reduce positions and wait for the next lows.
A decisive direction is likely to emerge soon, and it should be supported by increasing volume.
If a breakout to the upside occurs, it could be an opportunity to increase exposure or enter partially.
Conversely, if the price decisively reverses downward, it's better to reduce positions and wait for the next lows.
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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.
Disclaimer
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.