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Analyze the 1hr chart 📊

Breakout Points:

1. Resistance: Resistance is in the region of the average selling price (1.3149). A breakout above this level, with high volume, may indicate an opportunity for a buy entry.

2. Support: Near 1.2711. If the price loses this region, it may be better to wait until it finds new support to avoid hasty entries.

Watch for entry:

1. Breakout Confirmation: If the price breaks 1.3150 with increasing volume and strong candles, it is a good region to enter, targeting levels close to 1.35 or higher.

2. Reversal at Support: If the price respects 1.2711 and the RSI shows reversal strength (leaving the 30 zone), an entry in the 1.2750 to 1.2800 range may be interesting, aiming for targets close to 1.3149 or higher.

Tips:

Monitor indicators such as the MACD and RSI to avoid entries in times of selling strength.

Use stop-loss to protect capital, setting levels below important supports.

Do your own research ☝🏻🫂🚀