RSI is in oversold region.
Green zone marked can act as a major support on weekly time frame.
Price is retesting a trendline breakout and lower channel line.
If the green zone holds, can resume the rally.
Wait for reversal signal and market should confirm.
Green zone marked can act as a major support on weekly time frame.
Price is retesting a trendline breakout and lower channel line.
If the green zone holds, can resume the rally.
Wait for reversal signal and market should confirm.
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