The price reached 2.40$ support zone. If we get the price reversal from this zone, we will get a double bottom chart pattern as well. It is a bullish pattern that can be used for buying.
Here is an example of such a long trade. If the price breaks 2.40$ support, it will be a bearish signal with the target at 2.00$ support.
Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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