Price is still moving in a downtrend after getting rejected from the 4h supply and it is currently bouncing from the 2h demand zone. MACD is still showing bearish momentum, RSI is sold and EMAs are not clear. Price needs to break above $1.47 to consider longing otherwise we would expect price at the 1h demand zone at $1.27.
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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.