Overall market structure is bearish, trading well below the 50EMA, making lower lows and lower highs. However we have reached a strong level of support which it has tested multiple times. Price seems to be halting a bit here, it might switch for a reversal and trade bullish.
I have drawn 2 arrows for 2 predictions on where I think it could go. Going to keep an eye on what candles are created before entering.
I have drawn 2 arrows for 2 predictions on where I think it could go. Going to keep an eye on what candles are created before entering.
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