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Price is consolidating after a strong decline and is now testing a key support zone. I’m looking for a potential bounce higher from this area, while the descending trendline remains the main resistance.
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Price is consolidating after a strong decline and is now testing a key support zone. I’m looking for a potential bounce higher from this area, while the descending trendline remains the main resistance.
Don’t forget to like and share your thoughts in the comments! ❤️
Note
Price remains inside a strong overall uptrend and has pulled back into a key support area. I’m looking for a potential bounce higher, with the descending trendline acting as the main resistance.Trade closed: target reached
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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.