On a high time frame, price is moving in a downtrend respecting perfectly the resistance line. MACD is not showing clear movements but RSI is sold and price is trading below EMA ribbon which are both bearish indications. When the breakout occurs, we would be aiming for the daily supply taking partials on the $377 and $517 levels. If no breakout occurs, we would be waiting for price to reach the daily demand before entering any long position.
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