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Will ADAUSD break through the support level it tested before?

ADAUSD is about to retest a key horizontal support level near 0.4858. It has tested this level 5 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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If E-Mini S&P 500 March 2024 touches 4923.0000 it may be time to take action.

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