The descending trendline has been successfully broken â
After a strong rejection from the lows, price broke above the trendline and is now holding above the retest zone.
đč Market structure: Higher low formed
đč Resistance zone: 70,000 â 70,200
đč Support zone: 67,000 â 67,200
If price gives a strong close above 70K, we could see bullish momentum toward 71K+ đ
As long as the retest holds, this looks like a potential long setup.
Always keep your stop loss below the recent swing low â ïž
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