we can see that this level is acting as a strong support.
There are also 2 weekly candles with long wicks now,
showing buying pressure from here.
On the 4-hour timeframe,
we can see that the price is still
moving in a .
But we should also note that it is a .
The price is now at the resistance of the channel,
so we can expect it move downside.
It would be ideal if the price could form a
small and the breaks out of the channel.
This would be the confirmation for a LONG.