VIC just popped over 100% and is now testing a key resistance trendline.
After weeks of sideways chop and downside pressure, VIC has made a strong bounce off the demand zone and is now pushing right into the falling resistance trendline.
This is a crucial level, if it breaks and holds above this trendline, we could see a shift in structure and more upside toward the next supply zone.
But if it gets rejected again, price might cool off and retest lower supports.
DYOR, NFA
After weeks of sideways chop and downside pressure, VIC has made a strong bounce off the demand zone and is now pushing right into the falling resistance trendline.
This is a crucial level, if it breaks and holds above this trendline, we could see a shift in structure and more upside toward the next supply zone.
But if it gets rejected again, price might cool off and retest lower supports.
DYOR, NFA
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