Strong resistance stands at 0.275 ~ 0.290... The question now is whether this move is just to close the gap or if it has the strength to break out.
Currently, indicators are showing overbought conditions... making it more likely to see a pullback soon. During that pullback, it's crucial for price to stay intact with the uptrend line... A clean break below it would weaken the bullish structure and turn the chart setup less appealing.
Disclaimer: This is not a buy/sell call. Always analyze carefully and manage your risk according to your trading strategy.
Currently, indicators are showing overbought conditions... making it more likely to see a pullback soon. During that pullback, it's crucial for price to stay intact with the uptrend line... A clean break below it would weaken the bullish structure and turn the chart setup less appealing.
Disclaimer: This is not a buy/sell call. Always analyze carefully and manage your risk according to your trading strategy.
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