Price has absorbed selling pressure near $173, signaling a potential reversal.
๐ธ Key Support Zone at $173:
A liquidity grab below $173 could trigger a strong bounce.
๐ธ Upside Target:
If the level is successfully retested, a push toward $220 - $325 is expected.
๐ธ Risk Level at $170:
Sustained price action below $170 may weaken bullish momentum and delay the breakout.
๐ธ Action Plan:
Monitor for a fakeout below $173, followed by confirmation of a strong upward move!
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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.
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.