Price got rejected off a minor supply zone around $37.5 and it is currently still moving down. MACD is showing bullish weakness, RSI is neutral and EMAs are bearish. I expect price to retest the $30.5 area where we have at 6h demand zone before expecting higher pricing from there.
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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.