Strong Long-Term Setup Developing
Price has pulled back into a well-established support zone, presenting a compelling long-term opportunity. The broader trend remains bullish, and a break above the 14.30 level would confirm renewed strength and continuation.
For risk-conscious positioning, a conservative partial take-profit near recent highs could be prudent, given the overhead resistance that deserves respect. If momentum builds, this setup could evolve into a solid trend-following play.
Price has pulled back into a well-established support zone, presenting a compelling long-term opportunity. The broader trend remains bullish, and a break above the 14.30 level would confirm renewed strength and continuation.
For risk-conscious positioning, a conservative partial take-profit near recent highs could be prudent, given the overhead resistance that deserves respect. If momentum builds, this setup could evolve into a solid trend-following play.
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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.