Price broke the major support area and is now trying to reclaim this level. The price needs to close the daily candle above the zone to initiate a positive move. It’s better to wait for confirmation before opening a new long position.
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ATM analysis:
Price broke the major support area and is now trying to reclaim this level. The price needs to close the daily candle above the zone to initiate a positive move. It’s better to wait for confirmation before opening a new long position.
Support Area: $1.57-$1.66