Point of control holds for now as the price found a support at the 200 MA (red curve). Volumes at that area are high and any attempt for the price to go lower will be met by a strong support.
On the top levels - volumes are low and it's easy for bulls to push the price up.
There isn't any activity of investors just closing their positions.
On the top levels - volumes are low and it's easy for bulls to push the price up.
There isn't any activity of investors just closing their positions.
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Disclaimer
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.