🔹 Scenario 1: Bullish Case (Above 44,680 - 44,709 📈)
If the price stabilizes above the 44,680 - 44,709 zone, it signals bullish momentum.
This means buyers are in control, and the price is likely to continue rising.
Next target:
🎯 44,840 (Key resistance level)
If price breaks 44,840, it confirms a strong bullish breakout and can move even higher.
✅ Conclusion: Staying above 44,680 - 44,709 supports further upside towards 44,840 and beyond.
🔹 Scenario 2: Bearish Case (Below 44,680 📉)
If the price stabilizes below 44,680, it signals bearish pressure.
A 4-hour candle close below this level strengthens the bearish case.
Next support levels:
🎯 44,550 (First support)
🎯 44,300 (Stronger support, possible bottom)
🚨 Important:
If the price fails to hold 44,680, expect a move down to 44,550.
A further break below 44,550 would send it down toward 44,300.
✅ Conclusion: Below 44,680, expect a decline to 44,550 and potentially 44,300.
🔹 Key Takeaway
1️⃣ Above 44,680 - 44,709 → Bullish trend continues toward 44,840 and beyond.
2️⃣ Below 44,680 → Bearish trend begins, targeting 44,550 and 44,300.
3️⃣ Wait for a breakout or breakdown for confirmation before entering a trade
If the price stabilizes above the 44,680 - 44,709 zone, it signals bullish momentum.
This means buyers are in control, and the price is likely to continue rising.
Next target:
🎯 44,840 (Key resistance level)
If price breaks 44,840, it confirms a strong bullish breakout and can move even higher.
✅ Conclusion: Staying above 44,680 - 44,709 supports further upside towards 44,840 and beyond.
🔹 Scenario 2: Bearish Case (Below 44,680 📉)
If the price stabilizes below 44,680, it signals bearish pressure.
A 4-hour candle close below this level strengthens the bearish case.
Next support levels:
🎯 44,550 (First support)
🎯 44,300 (Stronger support, possible bottom)
🚨 Important:
If the price fails to hold 44,680, expect a move down to 44,550.
A further break below 44,550 would send it down toward 44,300.
✅ Conclusion: Below 44,680, expect a decline to 44,550 and potentially 44,300.
🔹 Key Takeaway
1️⃣ Above 44,680 - 44,709 → Bullish trend continues toward 44,840 and beyond.
2️⃣ Below 44,680 → Bearish trend begins, targeting 44,550 and 44,300.
3️⃣ Wait for a breakout or breakdown for confirmation before entering a trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.