Bullish Scenario (Price Goes Up)
If price stays above the zone (2911) and breaks above 2931, it could push higher towards 2,955 or even 2,970.
Buyers (bulls) will be in control if this happens.
Bearish Scenario (Price Goes Down)
If price fails to hold the orange zone and drops below 2,911, it may fall to 2906 or lower.
A break below 2883 would open the way for further decline to 2868 or 2850 .
Sellers (bears) would dominate in this case.
What to Watch for Next
Breakout Above 2,931? → Look for a buying opportunity.
Drop Below 2906 and 2900 ? → Potential short-selling opportunity.
If price stays above the zone (2911) and breaks above 2931, it could push higher towards 2,955 or even 2,970.
Buyers (bulls) will be in control if this happens.
Bearish Scenario (Price Goes Down)
If price fails to hold the orange zone and drops below 2,911, it may fall to 2906 or lower.
A break below 2883 would open the way for further decline to 2868 or 2850 .
Sellers (bears) would dominate in this case.
What to Watch for Next
Breakout Above 2,931? → Look for a buying opportunity.
Drop Below 2906 and 2900 ? → Potential short-selling opportunity.
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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.
Related publications
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.