📄 The hourly chart is currently at a critical inflection point after a steep drop from recent highs. We’re seeing signs of a potential corrective rally forming, but the battle between bulls and bears is far from over.
🧭 Key Zones to Watch:
📊 If price reclaims and holds above 5,536, a continuation toward 5,707 becomes likely.
🚨 However, a rejection in the Fib zone followed by a drop below 5,061 may confirm renewed bearish momentum targeting the 4,925 region.
This setup provides clear structure for both bulls and bears. Keep an eye on volume, price action confirmation, and respect risk management.
💡 Comment your thoughts below! Are you leaning bullish or bearish here?
🧭 Key Zones to Watch:
- Fib Resistance (0.55–0.62): 5,400–5,536
- Bullish Breakout Target: 5,707
- Bearish Breakdown Target: 4,925
- Neutral Pivot: 5,061 (current consolidation zone)
📊 If price reclaims and holds above 5,536, a continuation toward 5,707 becomes likely.
🚨 However, a rejection in the Fib zone followed by a drop below 5,061 may confirm renewed bearish momentum targeting the 4,925 region.
This setup provides clear structure for both bulls and bears. Keep an eye on volume, price action confirmation, and respect risk management.
💡 Comment your thoughts below! Are you leaning bullish or bearish here?
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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.