Trend: The price is forming an ascending channel (orange lines), which is generally a bullish sign.
Support: The green zone around 2.30 is a strong support level to keep an eye on.
Resistance: The resistance at 5.60–7.00 is a critical point. A breakout above this level could signal significant upside potential.
Volume: Volume is low and needs to pick up for a clear trend direction to emerge.
Price Action: Look for a retest of the green support. If it holds, the price may push upwards towards 5.60–7.00. Otherwise, a breakdown below 2.30 could indicate a reversal.
Support: The green zone around 2.30 is a strong support level to keep an eye on.
Resistance: The resistance at 5.60–7.00 is a critical point. A breakout above this level could signal significant upside potential.
Volume: Volume is low and needs to pick up for a clear trend direction to emerge.
Price Action: Look for a retest of the green support. If it holds, the price may push upwards towards 5.60–7.00. Otherwise, a breakdown below 2.30 could indicate a reversal.
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