Price is holding at its long-term key support zone, a level that has historically produced strong reactions.
On the daily timeframe, an RSI bullish divergence is active, which confirmed the bounce seen on Thursday.
Key Level:
• 42 — A daily close above this level will open the door for bullish continuation.
Targets:
• 46 (initial target)
• Further upside is possible if price sustains above 42.
SL: 36 (Closing basis)
Structure continues to maintain a support-driven bullish bias.
On the daily timeframe, an RSI bullish divergence is active, which confirmed the bounce seen on Thursday.
Key Level:
• 42 — A daily close above this level will open the door for bullish continuation.
Targets:
• 46 (initial target)
• Further upside is possible if price sustains above 42.
SL: 36 (Closing basis)
Structure continues to maintain a support-driven bullish bias.
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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.
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.