Drop and breakout scenario
The overall trend is ranging with significant fluctuations. There is a descending trendline that buyers are trying hard to break out of.
The scenario involves a potential drop to gain more strength and then move towards breaking the trendline. If it breaks and completes a pullback, it could see significant upward movement. Keep an eye on it.
The scenario involves a potential drop to gain more strength and then move towards breaking the trendline. If it breaks and completes a pullback, it could see significant upward movement. Keep an eye on it.
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