A very strong and important resistance is located at **0.57400**, and the price is still reacting to it.
**Plan A**:
Rejection from the resistance level, similar to previous behavior on the chart.
Our target in this scenario would be the **0.56565** price area.
**Plan B**:
A breakout above the resistance.
Why is this our secondary plan? Because it goes **against the current trend**, and entering a long position requires **both candlestick confirmation and momentum confirmation**.
For now, the price is still struggling with the resistance, so we need to wait and see how it plays out.
**Plan A**:
Rejection from the resistance level, similar to previous behavior on the chart.
Our target in this scenario would be the **0.56565** price area.
**Plan B**:
A breakout above the resistance.
Why is this our secondary plan? Because it goes **against the current trend**, and entering a long position requires **both candlestick confirmation and momentum confirmation**.
For now, the price is still struggling with the resistance, so we need to wait and see how it plays out.
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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.
Related publications
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.