In this chart, there is R1 that used to be support line and then we have S1 that is our support area and shows the support of the price at some points since the past. At the present, we see the price fluctuating over S1 and we believe it will rise to R1 and then fall again. In case the price moves over R1 and it gives a fixation besides some confirmation candles, then we will expect more increase for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
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