After a significant bearish move, price is consolidating and appears to be respecting the supply zone, suggesting a continuation of the downtrend.
Support Levels:
Immediate target support at 162.263.
Extended target at 160.207.
A potential bearish scenario with price rejecting the supply zone, targeting the mentioned support levels.
Take Profit (TP):
TP1: 162.263 (first support level).
TP2: 160.207 (extended support level).
Support Levels:
Immediate target support at 162.263.
Extended target at 160.207.
A potential bearish scenario with price rejecting the supply zone, targeting the mentioned support levels.
Take Profit (TP):
TP1: 162.263 (first support level).
TP2: 160.207 (extended support level).
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iSmashProfit
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.