What do we see? The chart clearly highlights a consolidation zone where the price has been moving sideways for an extended period. A descending trend is noted, which the price is currently testing, potentially preparing for a breakout.
Target level: After breaking out of this formation, there is potential for a +26.29% growth.
What’s important: Watch the price action at the edges of the consolidation zone. A strong breakout in either direction could provide a clear entry signal.
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