Idea: The price failed to gain a foothold above the 200 EMA. the POC level has become a strong support. A breakdown of the POC level will lower the price to the specified support area. Bullish scenario indicated. It is also possible to form a head and shoulders pattern.
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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.