OXT @ Support
Orchid 🌺 broke the downtrendline and got above the support zone 0.41-0.38. I think we could see another dip into support zone and then sort of consolidation around it's upper edge 0.41 followed by bounce off the uptrendline. Resistances (in white) can be used as Targets. What's your take?
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Note
OXT has made 2 strong bounces off the support zone sending the price to 1st resistance (target). Unfortunately didn't make it to the 2nd resistance. It spilled instead, broke the uptrendline and support which substequently acted as resistance. Then the price spilled even more.
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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.