Price action has followed a well-defined structure recently, providing several opportunities for analysis and potential setups.
We initially saw a pullback after a period of sideways movement, followed by a strong bullish move that led to a new high. This was followed by a consolidation phase, where the market took a breather before continuing upward.
After the recent peak, the market corrected again and is currently forming another range-bound structure. The $3,275.603 level is acting as a key support zone, which has held up well and could serve as a potential launchpad for the next bullish leg.
There are two key scenarios I’m watching:
1. Bullish Breakout – A break above the consolidation could target resistance zones at $3,365.634, $3,403.643, and possibly even $3,450.867.
2. Range Continuation – If support holds but momentum remains weak, we might see continued sideways movement before any decisive move.
We initially saw a pullback after a period of sideways movement, followed by a strong bullish move that led to a new high. This was followed by a consolidation phase, where the market took a breather before continuing upward.
After the recent peak, the market corrected again and is currently forming another range-bound structure. The $3,275.603 level is acting as a key support zone, which has held up well and could serve as a potential launchpad for the next bullish leg.
There are two key scenarios I’m watching:
1. Bullish Breakout – A break above the consolidation could target resistance zones at $3,365.634, $3,403.643, and possibly even $3,450.867.
2. Range Continuation – If support holds but momentum remains weak, we might see continued sideways movement before any decisive move.
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hold target
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.