Selling might be a prudent decision as the price approaches a significant resistance zone, where it has historically encountered strong selling pressure, making a reversal likely. Additionally, the formation of bearish candlestick patterns near this resistance could signal increased selling interest. Lastly, the price is near the upper boundary of the upward channel, a common reversal or consolidation point, further indicating a potential sell opportunity.






Beyond Technical AnalysisChart PatternsTrend Analysis

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