Price Reaction: If the price bounces off the marked support area, we can expect it to rise towards the upper range of the linear regression channel, reaching levels between $235 and $245 in the medium term.
Precautions: It is important to monitor the price behavior in the support zone ($215 - $220). A break below this level could invalidate the bullish scenario and indicate a trend change.
Access our premium algorithms 🍻! Invite us for a beer at buymeacoffee.com/pinescriptlabs, then upload your TradingView username in the contact section at pinescriptlabs.com/