After surpassing the 3,000 level, the price began a sharp decline. We can observe this on the M30 timeframe, where lower highs and lower lows are forming. It is possible that the price will return to the last resistance zone and bounce off it, continuing its downward movement.
At this level, I have set a trap for the price—with a defined entry point, Stop Loss, and Take Profit. Of course, this is not investment advice or a specific recommendation to enter a trade. It is merely a scenario that could unfold and one I intend to watch on Monday. If the price reacts as expected, I will open a position.
At this level, I have set a trap for the price—with a defined entry point, Stop Loss, and Take Profit. Of course, this is not investment advice or a specific recommendation to enter a trade. It is merely a scenario that could unfold and one I intend to watch on Monday. If the price reacts as expected, I will open a position.
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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.