The price is currently testing the previously broken zone of support which has now become a valid point of resistance. The overall sentiment of the market remains bearish and it is expected that the price will keep dropping more and reach the area of the Lower Low indicated on the graph.
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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.