After a sharp drop, price reached the key demand zone around 3025-3030. This area forms a potential buy zone from which a rebound toward 3080–3100 may occur. The chart suggests a possible W-shaped recovery. A breakout above 3100 could unlock further upside toward 3127 and then resistance at 3167.
However, a breakdown below 3015–3020 could increase bearish pressure and lead to a decline toward 2997 support. Indicators are showing signs of local oversold conditions, hinting at potential technical recovery.
Main scenario – reversal from 3025-3030 with a move toward 3080–3100.
Alternative – breakdown to 2997.
However, a breakdown below 3015–3020 could increase bearish pressure and lead to a decline toward 2997 support. Indicators are showing signs of local oversold conditions, hinting at potential technical recovery.
Main scenario – reversal from 3025-3030 with a move toward 3080–3100.
Alternative – breakdown to 2997.
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🔗 Сайт totoshkatrades.com
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🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
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.