Resistance Area: Around 0.57100 (upper red line)
Support Level: Around 0.56700 (lower red line)
Expected Movement: The price may test resistance before reversing downward towards support at 0.56700.
Bearish Signal: If price struggles to break above resistance, selling pressure may push it lower.
Trading Suggestion:
Sell Opportunities: If price shows rejection at resistance.
Buy Opportunities: If price reaches 0.56700 and finds strong support.
Support Level: Around 0.56700 (lower red line)
Expected Movement: The price may test resistance before reversing downward towards support at 0.56700.
Bearish Signal: If price struggles to break above resistance, selling pressure may push it lower.
Trading Suggestion:
Sell Opportunities: If price shows rejection at resistance.
Buy Opportunities: If price reaches 0.56700 and finds strong support.
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.
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.