- Price is now trading above the 20-day and 50-day SMAs, which suggests bullish momentum continuation.
- Immediate support lies around $2,400–$2,500, near the 20-SMA and recent swing lows.
- Resistance is near the $2,800–$2,850 zone, which is a previous high from the current range.
- The recent candles are small-bodied, suggesting low volatility and indecision, typical before a breakout.
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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.