Here we have R2 and R1 as our resistance areas which both contain the disability of the price to rise. And at the bottom you observe S1 that used to be a resistance line but now it is active in the role of a support line. Thus, we have the fluctuation of price below R1 area and our expectation would be a rise to the height of this area and there we should receive some confirmation candles to make sure what will happen exactly. Either the price will provide some rising signs and fluctuates over R1 and subsequently there is more rise for it upward to R2. Or it is possible that the price is not supported at R1 and starts a decline down to S1 or some other lower amounts. Let's wait for our updates and then decide more logically in your trades.
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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