As you can see from the chart...
Price moved down to the 61.8 Fib Retracement Area of that last move up.
Price is also above and sitting at the 20 Day Ema (Not Shown on the chart which is acting as Dynamic Support)
The 10 Ema is above the 20 Ema
The Current price area is definitely a area of support. You can see from the line chart that price has changed directions many times at this area.
Although anything can happen... I believe that it is more probable that price will move up from here than down.
If you didn't enter yet I would wait for bull price action and enter long
Price moved down to the 61.8 Fib Retracement Area of that last move up.
Price is also above and sitting at the 20 Day Ema (Not Shown on the chart which is acting as Dynamic Support)
The 10 Ema is above the 20 Ema
The Current price area is definitely a area of support. You can see from the line chart that price has changed directions many times at this area.
Although anything can happen... I believe that it is more probable that price will move up from here than down.
If you didn't enter yet I would wait for bull price action and enter long
