Price is in a resistance/selling zone near 3,310–3,340.
Expected to reject and drop to the target/support near 3,260.
Strong bearish bias based on resistance zone.
Disruptive Bullish Scenario:
Breakout Confirmation:
If the price breaks and closes above 3,340, this invalidates the resistance zone.
This would trigger stop-losses from sellers and initiate buy momentum.
Volume Spike & Momentum:
Expected to reject and drop to the target/support near 3,260.
Strong bearish bias based on resistance zone.
Disruptive Bullish Scenario:
Breakout Confirmation:
If the price breaks and closes above 3,340, this invalidates the resistance zone.
This would trigger stop-losses from sellers and initiate buy momentum.
Volume Spike & Momentum:
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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.