There is a prz in the middle line of the channel that gives credibility to the range, but there is another strong support range at the bottom (channel support line (price 1.5)) that intersects the other two static ranges.
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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.