ð§ It's a pity that we didn't continue the momentum of the double bottom bull structure. And it fell below the support zone, and the support zone turned into a resistance zone again. Since our monthly closing price closed above neckline 2, the probability of us continuing to rise is still very high, so we can still be bullish.ð
âĄïļTherefore, if the price returns to the uptrend support line again and forms a good rebound, we can build a large cup-and-handle bullish structure from here. Using this structure as support and starting to rise, we should be able to easily break through the upper resistance zone.ðŠ
â ïļNote that this view will be invalidated if the price falls below the bull defense point.
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âĄïļTherefore, if the price returns to the uptrend support line again and forms a good rebound, we can build a large cup-and-handle bullish structure from here. Using this structure as support and starting to rise, we should be able to easily break through the upper resistance zone.ðŠ
â ïļNote that this view will be invalidated if the price falls below the bull defense point.
Let's seeð
ðĪIf you like my analysis, please like ðand share itðŽ
ð Follow me so you don't miss out on any signals and analyze ðŊ
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