currently the price has broken the bearish trendline, and now it is retracing. an important thing to look at is whether it can sustain itself after completing its retracement. That level has also been drawn. If it fulfills its conditions to enter into a bull run then decent RR can be achieved on multiple TFs
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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.