This chart shows the support and resistance areas calculated based on wave theory. It will attempt to predict the movement of the price across the support and resistance area in a 1-hr chart. Based on this chart, price will retrace back to 37,490 after touching the 38k level. But if the price breaks through the 38k, a new support will be formed.
I am considering the buy signal to be at the 37,200 level with stop-loss of 5%.
I am considering the buy signal to be at the 37,200 level with stop-loss of 5%.
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