Key Observations:
1. Support Zone: The price is holding near 148.000, suggesting a strong base.
2. Bullish Momentum: The chart indicates a projected move upwards, breaking minor resistance levels.
3. Target Level: The main resistance level is around 150.000, where the price could face selling pressure.
Potential Scenarios:
Bullish Case: If the price sustains above 148.000, it could push toward the 150.000 level.
Bearish Case: A break below 148.000 could invalidate the bullish outlook, leading to a retest of lower levels.
Conclusion:
Short-term traders may look for long positions above 148.000 with a target of 150.000.
Risk management is crucial, with stop-loss levels below 148.000.
1. Support Zone: The price is holding near 148.000, suggesting a strong base.
2. Bullish Momentum: The chart indicates a projected move upwards, breaking minor resistance levels.
3. Target Level: The main resistance level is around 150.000, where the price could face selling pressure.
Potential Scenarios:
Bullish Case: If the price sustains above 148.000, it could push toward the 150.000 level.
Bearish Case: A break below 148.000 could invalidate the bullish outlook, leading to a retest of lower levels.
Conclusion:
Short-term traders may look for long positions above 148.000 with a target of 150.000.
Risk management is crucial, with stop-loss levels below 148.000.
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.
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.