Buyers won the local confrontation, managing to push the price above the previously established historical high, where a strong resistance level was located. Now the price is confidently moving higher and higher, updating the historical high with each step.
The price is likely to continue its upward movement. This is due to the development of wave [iii] of the emerging bullish impulse. For this reason, it is recommended to continue holding previously opened buy positions. Also, if possible, additional purchases are worth making when updating the high.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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