To add this is not just one candles there are multiple potential reversal candles at $10 level. Yes a candle on its own doesn't mean much but a reversal candle at the end of a down trend, on well established support which is confirmed days later is very bullish.
Also the support is stronger than the $12 resistance so a bullish move is more likely imo. It would probably depend on volume and candle length to see if it will be able to break it.
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Price($) | Vol. | No. |
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