1️⃣ A symmetrical triangle has formed on the timeframe.
2️⃣ The upper boundary of the triangle has been broken, supporting the continuation of the uptrend.
3️⃣ There are oversold signals on the RSI and MACD indicators.
4️⃣ Strong demand areas have been identified, suitable for entering long positions.
Recommendation:
Buy from the blue zones.
Targets are located at the green zones.
It is recommended to observe proper capital management to ensure risk reduction.
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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.
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.