EUR/USD - Strong rejection of higher prices On EUR/USD , it's nice to see a strong sell-off from the price of 1.06140 . It's also encouraging to observe a strong volume area where a lot of contracts are accumulated.
I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again.
Strong rejection of higher prices and high volume cluster are the main reasons for my decision to go short on this trade.
Happy trading,
Dale
Volume
Intraday Levels for Nasdaq 100 Futures - 12/09/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
ES continue with the UptrendOn ES , it's nice to see a strong buying reaction at the price of 6086.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
FVG + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Technical Analysis of Gold Spot (XAU/USD) - 1H Chart
The chart highlights a consolidation phase with price hovering between key support and resistance zones. The liquidity void at higher levels and current sideways price action suggest the market is preparing for a breakout or breakdown. Below is a detailed analysis of bullish and bearish scenarios, along with entry and exit points.
Key Observations
Market Structure:
Price is consolidating near the $2,638–$2,640 level, with resistance overhead at $2,662 and support below at $2,613.
A liquidity void exists above $2,662, indicating unfilled orders and a potential zone for breakout or rejection.
Support Levels:
$2,624–$2,626: Immediate support zone.
$2,613–$2,615: Secondary support zone and the bottom of the current range.
$2,602–$2,605: Strong demand zone where buyers previously stepped in.
Resistance Levels:
$2,662–$2,665: Immediate resistance zone.
$2,711–$2,720: Major resistance and breakout target.
$2,740–$2,760: Extended resistance zone, marking potential bullish targets.
Volume Analysis:
Buy Volume (2.537M) vs. Sell Volume (2.038M): Indicates mild buying interest, but the balance of power remains neutral.
Delta Volume (158.21%): Suggests moderate seller dominance near resistance zones.
Bullish Scenario
Conditions for a Bullish Move:
Price must hold above the $2,624–$2,626 support zone and break through $2,662 with strong volume.
A breakout above $2,662 would likely trigger further buying momentum, targeting higher resistance levels.
Entry Points:
Aggressive Entry: Buy near the $2,624–$2,626 support zone, with a stop-loss below $2,613.
Conservative Entry: Enter on a confirmed breakout and retest above $2,662, with a stop-loss below $2,650.
Exit Points (Take Profit):
First Target: $2,711 (key resistance zone).
Second Target: $2,720–$2,740 (extended bullish target).
Final Target: $2,758–$2,760 (major resistance).
Invalidation:
A breakdown below $2,613 would invalidate the bullish scenario.
Bearish Scenario
Conditions for a Bearish Move:
Price fails to break above $2,662, indicating rejection at resistance.
A confirmed breakdown below $2,624 would signal further downside pressure.
Entry Points:
Aggressive Entry: Short near $2,662, with a stop-loss above $2,670.
Conservative Entry: Enter short after a confirmed breakdown below $2,624, with a stop-loss above $2,635.
Exit Points (Take Profit):
First Target: $2,613–$2,615 (immediate support zone).
Second Target: $2,602–$2,605 (major demand zone).
Final Target: $2,552–$2,555 (extended bearish target).
Invalidation:
A breakout above $2,670 would invalidate the bearish scenario.
Key Indicators to Monitor
Volume Dynamics:
Increasing buy volume near $2,624 supports a bullish outlook.
Rising sell volume near $2,662 would confirm bearish rejection.
Breakout or Breakdown Levels:
A breakout above $2,662 would signal bullish continuation.
A breakdown below $2,624 would confirm bearish pressure.
Liquidity Zones:
The liquidity void above $2,662 could act as a magnet for price, especially if buyers dominate.
Summary of Probable Entry & Exit Points
Scenario Entry Zone Stop-Loss Target Levels
Bullish $2,624–$2,626 (Aggressive) or above $2,662 (Conservative) $2,613 $2,711, $2,740, $2,760
Bearish $2,662 (Aggressive) or below $2,624 (Conservative) $2,670 $2,615, $2,605, $2,555
Conclusion
Bullish Outlook: A breakout above $2,662 could trigger a rally toward $2,711 or higher.
Bearish Outlook: Rejection at $2,662 or a breakdown below $2,624 could lead to declines toward $2,605–$2,555.
Traders should closely watch price behavior around the $2,662 resistance and $2,624 support levels, as they will likely dictate the next significant move. Risk management with tight stop-losses is essential in this range-bound environment.
WTI Crude Oil Analysis: Key Levels & TargetsAlexGoldHunter TVC:USOIL Technical Analysis and Strategies for CFDs on WTI Crude Oil (1-Hour Timeframe)
Chart Analysis
Price Levels and Patterns:
Current Price: 67.10 USD
Falling Wedge Pattern: A typically bullish reversal pattern where the price is nearing the lower boundary, indicating a potential breakout to the upside.
Target Price: 68.56 USD, which aligns with the upper boundary of the wedge and a previous resistance level.
Support and Resistance Levels:
Support Levels:
67.10 USD (current price level)
67.02 USD
66.77 USD
Resistance Levels:
68.56 USD (target)
68.49 USD
68.29 USD
Technical Indicators:
Volume: Noticeable increase during recent price movements, indicating strong market interest.
RSI (Relative Strength Index): Currently at 31.62, in the oversold territory, suggesting a potential buying opportunity.
MACD (Moving Average Convergence Divergence): The MACD histogram shows a slight bullish divergence, indicating a potential reversal.
Buy Strategy with Confirmations
Confirmation of Breakout:
Wait for a confirmed breakout above the falling wedge pattern. A close above the upper boundary of the wedge with increased volume would be a strong confirmation.
RSI Confirmation:
Ensure that the RSI is moving out of the oversold territory (above 30).
MACD Confirmation:
Look for a bullish crossover in the MACD indicator.
Entry Point:
Enter a long position once the price closes above the wedge with the above confirmations.
Stop Loss:
Place a stop loss below the recent swing low or the lower boundary of the wedge.
Target:
Set the target at 68.56 USD, as indicated on the chart.
Sell Strategy with Confirmations
Failure to Breakout:
If the price fails to break out above the wedge and instead breaks below the lower boundary, consider entering a short position.
RSI Confirmation:
Ensure that the RSI is moving towards the oversold territory (below 30).
MACD Confirmation:
Look for a bearish crossover in the MACD indicator.
Entry Point:
Enter a short position once the price closes below the wedge with the above confirmations.
Stop Loss:
Place a stop loss above the recent swing high or the upper boundary of the wedge.
Target:
Set the target at the next support level, around 67.02 USD or lower.
By following these strategies and confirmations, traders can make informed decisions based on the technical analysis presented in the chart. If you need further assistance or have any other requests, just let me know! 😊
SUSHI Ready for the big JUMP? SUSHI
Ready for a big move.
The momentum slope in the chart is increasing, indicating that the buying power is strengthening and effectively eliminating the sellers.
If you haven't been following SUSHI so far, you can monitor its progress after it breaks the resistance at 2.590 . For the short-term timeframe, a rise to the resistance box between 4.500 and 5 dollars is reasonable. However, for the long term, SUSHI needs to reach the range of 4 to 4.5.
Again, it is remembered that all trades that are opened are your responsibility
Don't forget to follow.
High-Profit BTC StrategiesAlexGoldHunter BINANCE:BTCUSDT Technical Analysis and Strategies for Bitcoin (BTC/USDT)
Chart Analysis
Price Levels and Zones:
Current Price: $99,584.00 USDT
Key Levels:
High: $99,635.89 USDT
Low: $99,460.37 USDT
p1D High: $102,048.81 USDT
p1D Low: $98,991.47 USDT
Swing High: $99,584.00 USDT
Swing Low: $99,376.15 USDT
Strong Low: $91,000.00 USDT
RB (Resistance Block): $87,000.00 USDT
Volume Profile:
Significant trading activity around the $99,000 to $100,000 range, indicating potential support/resistance levels.
Technical Indicators:
RSI (Relative Strength Index): Current RSI is around 50.70, indicating neutral momentum.
MACD (Moving Average Convergence Divergence):
MACD Line: 35.59
Signal Line: 16.88
Histogram: -18.71
The MACD is showing a bearish crossover, indicating potential downward momentum.
Buy Strategy with Confirmations
Entry Point:
Consider buying near the strong support levels, such as the p1D Low ($98,991.47 USDT) or the Strong Low ($91,000.00 USDT).
Confirmation:
RSI: Should be below 30, indicating an oversold condition.
MACD: Look for a bullish crossover (MACD Line crossing above the Signal Line).
Volume: Ensure there is an increase in volume, indicating strong buying interest.
Stop Loss:
Place a stop loss slightly below the Strong Low ($91,000.00 USDT).
Take Profit:
Target the Swing High ($99,584.00 USDT) or the p1D High ($102,048.81 USDT).
Sell Strategy with Confirmations
Entry Point:
Consider selling near the resistance levels, such as the p1D High ($102,048.81 USDT) or the Equal Highs.
Confirmation:
RSI: Should be above 70, indicating an overbought condition.
MACD: Look for a bearish crossover (MACD Line crossing below the Signal Line).
Volume: Ensure there is an increase in volume, indicating strong selling interest.
Stop Loss:
Place a stop loss above the p1D High ($102,048.81 USDT).
Take Profit:
Target the Swing Low ($99,376.15 USDT) or the Strong Low ($91,000.00 USDT).
This analysis provides a comprehensive overview of the chart and suggests potential buy and sell strategies based on technical indicators and key levels. If you have any further questions or need additional insights, feel free to ask! 😊
Ancient Volume Profile for Curve CRV for Big PictureLooking at the Volume Profile from Genesis to June 13th 2022 to see where there was a lot of trading volume in the past. The volume levels we are seeing trading in the past 6 months make these volumes seem like a blip, but may prove to be stopping points and levels to watch during the next several months. The large gap shown in yellow has already shown to be useful in predicting a quick move. (In this zone price can also quickly move down) Trading level to level may show promise for leverage trades, spot bags are loaded for Valhalla.
Possible entry points for $NASDAQ:QUBT NASDAQ:QUBT appears to be going through some consolidation after a quick runup.
I can see a couple of entry points.
The first is to fill a gap in volume established above $5.15 support.
My suggested entry target would be ~$5.45. This is the riskier of the two entry points, as you're buying as the stock is falling. See December 3rd as an example, where it retraced to the Fibonacci .5
The more conservative entry point is after the stock breaks out of consolidation. My criteria for that is that it closes ABOVE the recent highs accompanied by higher volume. I would set an alert closing above $7.90 to evaluate.
Intraday Levels for Nasdaq 100 Futures - 12/06/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Cardano (ADA) Buy SetupAlexGoldHunter BINANCE:ADAUSDT Technical Analysis and Buy Strategy for Cardano (ADA/USDT)
Chart Analysis
Current Price: $1.1866
Key Zones:
Order Block: $1.25
Swing High: $1.1958
Swing Low: $1.15
Strong Low: $1.03
Volume Profile:
Significant trading volume around $1.18 to $1.20, indicating strong interest and potential support/resistance.
Technical Indicators:
RSI (Relative Strength Index): Currently around 47.99, indicating neutral momentum.
MACD (Moving Average Convergence Divergence): Shows a bearish crossover, suggesting potential downward momentum.
Buy Strategy with Confirmations
Identify Key Support Levels:
Look for buying opportunities around the $1.15 support level, as it has been tested multiple times and held.
Volume Confirmation:
Ensure there is significant buying volume when the price approaches the $1.15 support level. This can be confirmed by a spike in the volume bars.
RSI Confirmation:
Look for the RSI to be in the oversold region (below 30) and then start to move upwards, indicating a potential reversal.
MACD Confirmation:
Wait for a bullish crossover in the MACD (the MACD line crossing above the signal line) to confirm upward momentum.
Break of Structure (BoS):
Look for a BoS above the $1.1958 resistance level to confirm a bullish trend. This would indicate that the price has broken above a key resistance level and is likely to continue upwards.
Entry Point:
Enter a buy position when the price is around the $1.15 support level with the above confirmations in place.
Stop Loss:
Place a stop loss slightly below the $1.15 support level to minimize potential losses in case the support does not hold.
Take Profit:
Set a take profit target around the $1.25 resistance level (Order Block), as this is a significant resistance area where the price might face selling pressure.
By following this strategy and waiting for the confirmations, you can increase the probability of a successful trade.
If you need further assistance or have any other requests, just let me know! 😊
GHNI offering over 30% gains from these levelsthe stock is continuing its uptrend and after making Cup and handle formation, successfully broke out the handle, if it posted daily closing above 444, the stock is likely to test its cup and handle projection of 590 which is a good return of ~32%
with a SL of 360, as per trade plan, entry should be made at 444, with TP1 of Rs. 528 and TP2 of 612, however, as per Cup and Handle projections, one can close the trade around 590 levels.
Technical Analysis of Gold Spot (XAU/USD) - 1H Chart
The chart shows a sideways consolidation phase, with key levels of liquidity, support, and resistance shaping the next potential moves. The price is currently near $2,638, testing intermediate resistance after a bounce from support.
Key Observations
Consolidation Range:
Price is consolidating between $2,620–$2,665, indicating indecision in the market.
A liquidity void is observed near $2,660, where prior selling pressure dominated.
Support Levels:
$2,620–$2,622: Key short-term support zone, aligned with recent buy-side interest and the NY Midnight Open ($2,644).
$2,602–$2,605: Strong demand zone where buyers previously stepped in aggressively.
$2,555–$2,560: Major support area, representing extended downside targets if selling pressure persists.
Resistance Levels:
$2,662–$2,665: Immediate resistance zone, with previous rejection and sell orders dominating this level.
$2,711–$2,720: Major resistance zone, marking breakout targets if bullish momentum sustains.
$2,740–$2,760: Extended resistance zone, a potential final bullish target.
Volume Analysis:
Buy Volume (2.36M) vs. Sell Volume (1.95M): Indicates strong buying interest, but sellers remain active near resistance zones.
Delta Volume (189.77%): Signals that sell orders are still pressuring price around resistance areas.
Bullish Scenario
Conditions for a Bullish Move:
Price must hold above the $2,620–$2,622 support zone and break through $2,665.
Sustained buying pressure above the liquidity void at $2,660 would confirm bullish momentum.
Entry Points:
Aggressive Entry: Buy near the $2,620–$2,622 support zone, with a stop-loss below $2,610.
Conservative Entry: Enter on a confirmed breakout and retest above $2,665, with a stop-loss below $2,650.
Exit Points (Take Profit):
First Target: $2,711 (key resistance zone).
Second Target: $2,720–$2,740 (extended bullish target).
Final Target: $2,758–$2,760 (major resistance zone).
Invalidation:
A breakdown below $2,610 would invalidate the bullish setup.
Bearish Scenario
Conditions for a Bearish Move:
Price fails to break above $2,665, indicating rejection near resistance.
A confirmed breakdown below $2,620 would open the path for further downside.
Entry Points:
Aggressive Entry: Short near $2,662, with a stop-loss above $2,670.
Conservative Entry: Enter short after a confirmed breakdown below $2,620, with a stop-loss above $2,630.
Exit Points (Take Profit):
First Target: $2,605 (key support zone).
Second Target: $2,560 (major demand zone).
Final Target: $2,552–$2,555 (extended bearish target).
Invalidation:
A breakout above $2,670 would invalidate the bearish scenario.
Key Indicators to Monitor
Breakout Confirmation:
A breakout above $2,665 or a breakdown below $2,620 will confirm the next significant move.
Volume Dynamics:
Increasing buy volume near support zones ($2,620) will favor the bullish scenario.
Rising sell volume near resistance zones ($2,665) will confirm bearish rejection.
Liquidity Zones:
The liquidity void near $2,660–$2,665 is critical; price action here will reveal whether buyers or sellers dominate.
Summary of Probable Entry & Exit Points
Scenario Entry Zone Stop-Loss Target Levels
Bullish $2,620–$2,622 (Aggressive) or above $2,665 (Conservative) $2,610 $2,711, $2,740, $2,760
Bearish $2,662 (Aggressive) or below $2,620 (Conservative) $2,670 $2,605, $2,560, $2,555
Conclusion
Bullish Outlook: A breakout above $2,665 could trigger a rally toward $2,711 or higher.
Bearish Outlook: Rejection at $2,665 or a breakdown below $2,620 could lead to declines toward $2,605–$2,555.
Monitor the price action closely near $2,665 (resistance) and $2,620 (support) for directional confirmation. Risk management with tight stop-losses is essential in the current range-bound environment.
Gold (XAU/USD): Key Levels & Trading StrategiesAlexGoldHunter FXOPEN:XAUUSD Expert Analysis of Gold Spot (XAU/USD) on a 1-hour Timeframe
Current Market Structure:
Support Levels: Around $2,600, marked by a blue shaded area.
Resistance Levels: Around $2,650, marked by a blue shaded area.
Break of Structure (BoS): Indicates a shift in market sentiment, suggesting potential trend reversals.
Market Structure Shift (MSS): Highlights significant changes in market structure, often preceding trend changes.
Equal Highs: Indicates a strong resistance level where the price has been rejected multiple times.
Indicators:
Volume: Shows the trading volume, with notable spikes indicating high trading activity.
RSI (Relative Strength Index):
Current RSI: 51.97 (neutral zone)
Lower RSI: 39.81 (potential buy signal if it drops further)
MACD (Moving Average Convergence Divergence):
MACD Line: 1.08
Signal Line: -2.76
Histogram: -3.85 (indicating bearish momentum)
Buy Strategy with Confirmation:
Confirmation:
Look for the price to bounce off the support level around $2,600.
RSI should be below 30 (oversold condition) and start to rise.
MACD should show a bullish crossover (MACD line crossing above the signal line).
Entry Point:
Enter a long position when the price confirms a bounce off the support level and the RSI and MACD provide bullish signals.
Stop Loss:
Place a stop loss below the recent swing low, around $2,590.
Take Profit:
Set the first take profit level at the resistance around $2,650.
If the price breaks above $2,650, consider trailing the stop loss to lock in profits.
Sell Strategy with Confirmation:
Confirmation:
Look for the price to be rejected at the resistance level around $2,650.
RSI should be above 70 (overbought condition) and start to decline.
MACD should show a bearish crossover (MACD line crossing below the signal line).
Entry Point:
Enter a short position when the price confirms a rejection at the resistance level and the RSI and MACD provide bearish signals.
Stop Loss:
Place a stop loss above the recent swing high, around $2,660.
Take Profit:
Set the first take profit level at the support around $2,600.
If the price breaks below $2,600, consider trailing the stop loss to lock in profits.
Summary:
This analysis provides a comprehensive view of the current market conditions for Gold Spot against the U.S. Dollar, along with actionable buy and sell strategies based on technical indicators and key levels.
If you have any further questions or need additional analysis, feel free to ask! Happy trading! 🚀✨
BTCUSDT. Short term analysisHello traders and investors!
Daily Timeframe Analysis
On the daily time frame, a range was formed on November 14, with the lower boundary at 85,072 and the upper boundary at 93,265.64. The seller's vector 5-6 is currently in play, with a potential target of 86,128.21 (85,072). Yesterday, the seller attempted for the second time to push the price back into the range below 93,265.64, but the buyer is still buying up.
Hourly Timeframe Analysis
On the hourly time frame, the seller has formed an impulse, with the impulse starting at 104,088 and ending at 90,500. Currently, the buyer has pushed the price back above 97,416.59, which is the start of the last buyer's impulse. The first resistance for buyers is 98,828-99,000.
In a situation like this, it’s difficult to give priority to either the buyer or the seller. Formally, as long as the price is above 97,416.59, buying opportunities can be considered. If the price drops below 97,416.59, selling opportunities can be considered.
It’s preferable to see strength from one of the sides (spread and volume), such as in the form of a buyer’s or seller’s zone, and then join the buying from the buyer's zone or selling from the seller’s zone upon their resumption.
Good luck with your trading and investments!
XRP/USD: Strategic Buy EntryAlexGoldHunter BINANCE:XRPUSDT Technical Analysis and Buy Strategy for XRP/USDT (1-Hour Timeframe)
Chart Analysis
Current Price: 2.3066 USDT
Key Zones:
Order Block: 2.6000 - 2.8000 USDT
Swing High: 2.6000 USDT
Swing Low: 2.2000 USDT
Equal Highs: 2.6000 USDT
Volume Profile:
Significant trading volume at current price levels, indicating potential support/resistance.
Technical Indicators:
RSI (Relative Strength Index): 44.62 (bearish momentum)
MACD (Moving Average Convergence Divergence): Below signal line, with a negative histogram (bearish momentum)
Buy Strategy with Confirmations
Identify Key Support Levels:
Focus on the swing low (2.2000 USDT) and the lower boundary of the order block (2.6000 USDT) as potential support zones.
Wait for Bullish Confirmation:
RSI: Look for the RSI to cross above 50, indicating a shift to bullish momentum.
MACD: Wait for the MACD line to cross above the signal line and the histogram to turn positive, indicating a bullish crossover.
Volume Confirmation:
Ensure there is an increase in trading volume when the price approaches the support levels or when bullish indicators are triggered. Higher volume confirms the strength of the move.
Entry Point:
Enter a buy position when the price shows a bullish reversal pattern (e.g., bullish engulfing, hammer) near the support levels and technical indicators confirm the bullish momentum.
Stop Loss and Take Profit:
Stop Loss: Place a stop loss slightly below the swing low (2.2000 USDT) to manage risk.
Take Profit: Set a take profit target near the swing high (2.6000 USDT) or the upper boundary of the order block (2.8000 USDT).
By following this strategy, you can increase the probability of a successful trade by waiting for multiple confirmations before entering a buy position.
ETH/USD: Precision Buy StrategyAlexGoldHunter Technical Analysis and Buy Strategy for Ethereum (ETH/USD)
Chart Analysis
Price Levels:
Current Price: $3,873.9
Support Levels:
$3,615.5 (swing low)
$3,800 (intermediate support)
Resistance Levels:
$3,900 (swing high)
$4,000 (next potential resistance)
Technical Indicators:
Volume: Increased volume indicates strong market participation during both uptrend and correction phases.
RSI (Relative Strength Index): Around 53.47, suggesting neutral momentum.
MACD (Moving Average Convergence Divergence): The MACD line is slightly above the signal line, indicating a potential bullish crossover.
Buy Strategy
Support Confirmation:
Look for the price to find support around $3,615.5. This level has been tested multiple times and has held, indicating strong buying interest.
Bullish Candlestick Patterns:
Wait for bullish reversal patterns like a bullish engulfing candle or a hammer near the support level.
Volume Increase:
Ensure there is an increase in buying volume, confirming strong buying interest.
MACD Confirmation:
Look for a bullish crossover in the MACD, where the MACD line crosses above the signal line.
RSI Confirmation:
The RSI should ideally move above 50, indicating bullish momentum.
Entry Point:
Enter the trade near the support level ($3,615.5) once all confirmations are met.
Stop Loss:
Place a stop loss below the support level, around $3,600, to limit potential losses.
Take Profit:
Set a target near the next resistance level, around $3,900 or higher, depending on the risk-reward ratio.
By following this structured buy strategy with confirmations, you can increase the probability of a successful trade while managing risk effectively. If you have any further questions or need additional insights, feel free to ask! 😊 BITSTAMP:ETHUSD
HIMS Bullish Morning VolumeOver the last five days, HIMS has shown consistent high trading volume in the morning sessions, often accompanied by bullish momentum and large green candlesticks, indicating strong buying interest likely driven by premarket news or institutional activity. This bullish sentiment has repeatedly pushed the price higher during early trading hours, but resistance around $36 has capped further upward movement, causing reversals or consolidation in the afternoon. The chart also highlights key indicators like liquidity grabs (red zones) and trend catchers, which suggest institutional interest and strong upward trends during these periods. However, today’s sharp drop to $31.59 suggests a potential bearish reversal, with profit-taking or increased selling pressure following days of upward momentum. To capitalize on these trends, traders should focus on high-volume morning sessions for breakout opportunities while being cautious of resistance levels and reversal zones later in the day.