
I agree with that level, but I would add a few important points.
Yes, the 0.2493 area is a strong support, and we have seen reactions there multiple times. But looking at the current chart, the context is a bit different now.
Price is still moving inside a parallel channel, and this channel has been respected very clean on multiple touches. That means we should not expect an instant reversal just because we are at support.
As long as price stays inside this structure, both scenarios are possible
either a bounce inside the channel or a continuation lower
For me, a very interesting long term area would be around 0.1832. That sits closer to the lower part of the channel and could offer a much better entry if price reaches it.
So the idea is simple:
level is valid
but structure still controls the move
I would watch the reaction first
strong reaction → potential long
no reaction → lower levels become more likely
Cheers 👍
#TraderCash 💰
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#艾登
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