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In a previous video, we discussed this key support level around 0.5508 as a potential buy zone, although it wasn't tested as clearly as some other assets.
But we can add zones without drastic adjustments. This allows more wiggle room on entries and exits, which is useful since these precise levels rarely line up perfectly.
We can now see 0.5508 has been tapped and wicked multiple times recently, confirming it as a well-respected trading area.
And what do you know - yesterday, we bounced perfectly off 0.5508, validating it as demand! 📈
We could see a continuation towards resistance around 0.748...
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