"Although an ascending channel usually breaks from the bottom to establish a new trend, sometimes the price can create a fake breakout and return to the channel. Therefore, I'm considering this chart as a potentially favorable position for opening a long position.
Please note that this is not financial advice; it's simply a position that appears favorable to me."
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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.