Support is established at the current level. Price might pull back up
Commentaire:
Price aggressively tested the identified support level and did a false breakout. The support held & pushed price to the first upside resistance level.
Momentum is unclear at this point if price still has legs for the upside. Cautious approach is necessary.
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Momentum is unclear at this point if price still has legs for the upside. Cautious approach is necessary.