Price has pulled back after a local top and is heading toward a clear demand zone.
Key buy area sits around $3.12, aligned with 0.618 retracement and recent consolidation.
Strong structure below—if majors keep retracing, this is where risk/reward for new spot buys becomes attractive.
Plan:
Waiting for price to reach the green zone to accumulate spot.
Invalidation below $2.80, targeting a move back toward $4.45 and higher if momentum returns.
Key buy area sits around $3.12, aligned with 0.618 retracement and recent consolidation.
Strong structure below—if majors keep retracing, this is where risk/reward for new spot buys becomes attractive.
Plan:
Waiting for price to reach the green zone to accumulate spot.
Invalidation below $2.80, targeting a move back toward $4.45 and higher if momentum returns.
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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.
Related publications
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.