NICKEL has reached a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers regain control.The current market structure suggests that if the price confirms resistance within this zone, we could see a bearish move. A successful rejection could drive the price toward 15.6220, a logical target based on previous price behavior and the current market structure. However, if the price breaks above this zone, the bearish outlook may be invalidated, opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
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