- Downtrend since the beginning of April.
- Since then, we have seen the formation of higher lows, strengthening the trend.
- We are in a mid-range that is acting as a support level at the 560B price point.
- Stock RSI indicates an oversold price point (last time at this level: May 2023).
- The mid-range we are playing is between the 470B support level and the 640B resistance.
- Following the trend, we have a high probability of seeking liquidity at lower levels due to the lack of supports at this 560B level, to then catapult to a new ATH, likely between 515B and 470B.
- Good entry point, but don't go all in yet. We can have better options if it keeps going lower. Do make some entries here.
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