Bulls vs. Bears: Key Levels That Will Decide the Next Big Move

Long-Term View
The overall trend since 2022 is upward (supported by the rising blue trendline).
Each touch of this trendline has triggered a strong bounce.
Key long-term support: 720 – 730
Major resistances:
First: 820 – 840
Second: 920 – 950

As long as price holds above 720, the long-term outlook remains bullish. A breakdown below 720 could trigger a deeper correction toward 660 – 680 or even 590.

Short-Term View
Current price is around 770, consolidating between 720 (support) and 820 (resistance).
If candles hold above 760, price may push back to 800 – 820.
A breakdown below 760, and especially under 730, would likely send price down to retest the 720 trendline support.

Price Targets & Stop Loss

Bullish Scenario (if 730 – 760 holds)
Target 1: 820
Target 2: 890 – 920
Long-term target: 950 – 1000
Stop loss: close below 720

Bearish Scenario (if 720 breaks)
Target 1: 660 – 680
Target 2: 600 – 620
Long-term target: 570
Stop loss: recovery and close back above 750

Pro Conclusion
Short-term: Range trading between 730 – 820.
Long-term: Bullish bias remains as long as 720 holds.
Best strategy: Buy near supports (730 – 760) with a tight stop, aiming for 820+.