Trend & Market Structure
- Recent Uptrend: The price has been in a strong bullish trend from January 17 to 22, forming higher highs and higher lows.
- Correction Phase: A local downtrend (marked by the dashed teal trendline) started after hitting resistance around $2,775-$2,790, followed by a pullback.
- Current Breakout Attempt: The price is testing previous resistance zones near $2,763-$2,770 after forming a higher low.
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