Short-term, the chart suggests bearish momentum with potential for further downside. If the wedge fails to hold, the price could head toward the next major support levels near $2.60 as highlighted by the large red arrows.
Possibly price can get into the $1.61 level which would be a great entry price to trade back to strong back to $7-8 range.
Possibly price can get into the $1.61 level which would be a great entry price to trade back to strong back to $7-8 range.
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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.