Price is trading in a downtrend channel on the hourly chart. The price is trying to break the resistance line, but is being rejected from there. We will open a new long position once the price holds above the resistance area.
Resistance Area: $1.30-$1.35
Resistance Area: $1.30-$1.35
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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.