In the chart above, we see price has been moving in a range for some time. We can also see that price is currently at a daily support zone. Price could breakout the range to the downside, which can only be confirmed once price breaks below the support. Buys will be confirmed on lower timeframes like the 1 hour and 4 hour charts.
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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.