On the 1hour timeframe, after breaking through both major and minor resistance levels, the price has pulled back downward to gather liquidity and has now reached a high-potential buying zone. Therefore, in the short term, once we observe a structural shift on lower timeframes (such as the 5-minute chart), we can consider buying with a target at the previous price high (resistance).
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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.