The price has lost almost 2/3 of its value since its peak and is now trying to form a base at support ! I will be happy to buy around 110 but would also buy on a clear break of the down trend line ! Just my opinion :)
Note
Price action is very weak! It broke the support and might possibly be on its way to the 60-55 area!!!
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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.