A possible bearish breakout is likely to happen but we have the EMA100 along with a previous key area as support together which makes the bullish breakout possible as well, let's wait and see how the channel responds to price momentum, I think it's gonna be more likely a bearish breakout. you can check on it and after breaking the upper channel trendline take a long position or after breaking EMA100 take a short position. Watch out for fake breakouts and always look for heavy volume.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.