Key Factors:
1️⃣ Technical Setup: The price has bounced off the 0.618 Fibonacci retracement level, historically a strong reversal zone. RSI is also pointing to bullish momentum.
2️⃣ Fundamentals: Increasing demand and reduced supply due to adverse weather conditions could further support price growth.
3️⃣ Historical Trends: Previous rallies from similar levels indicate a potential target near the 0.5 and 0.382 Fibonacci zones.
1️⃣ Technical Setup: The price has bounced off the 0.618 Fibonacci retracement level, historically a strong reversal zone. RSI is also pointing to bullish momentum.
2️⃣ Fundamentals: Increasing demand and reduced supply due to adverse weather conditions could further support price growth.
3️⃣ Historical Trends: Previous rallies from similar levels indicate a potential target near the 0.5 and 0.382 Fibonacci zones.
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Telegram Link: t.me/charts_M7M
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
📈 6 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.