Absorption: Notice the bull candle with high volume ( buyers) but its struggling to run price higher. Most likely the sellers are overwhelming the buyers. If price breaks and closes below 0.90986 ( previous year high- possible resistance) i will be looking to go short.
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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.