As discussed earlier, the price is moving down and now sitting on our first support zone. As this zone was previously hit, it is more likely for it to break so I would be very cautious about buys from where we currently are. Looking at moving into the 200MA and 320 EMA along with the demand zone.
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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.