The price has already tested the support and failed to break it. The best thing to do now is to wait for a re-entry into the zone with an upswing and good momentum. Do not take a position if the price exits slowly. Wait for another re-entry or a different type of signal, like a retest of the new upper resistance.
A good SL could be the previous resistance, which can now act as strong support.
Have a great weekend, everyone!
A good SL could be the previous resistance, which can now act as strong support.
Have a great weekend, everyone!
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