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The price as closed below the rising channel; however $30 horizontal support is yet to be touched. Given where the RSI is at the moment, and with that support - it should be reasonable to expect a recovery bounce is due. Alternatively, a close below that key support is going to create some selloff pressure.
The price as closed below the rising channel; however $30 horizontal support is yet to be touched. Given where the RSI is at the moment, and with that support - it should be reasonable to expect a recovery bounce is due. Alternatively, a close below that key support is going to create some selloff pressure.
