๐ Key Observations:
๐ข Support Zone:
H1 Support Area ๐: $3,036.67 - $3,044
Price is currently testing this zone (๐ต).
๐ด Resistance Level:
$3,053.45 (๐ Immediate Barrier)
๐ Trade Setup:
โ Potential Buy Entry near support (๐ข)
๐ฏ Target Zone: $3,080 - $3,090 (๐๐)
โ Stop-loss: Below $3,036.67 (โ ๏ธ๐ด)
๐ Price Action:
If support holds ๐ฉ, price could move UP (โฌ๏ธ) toward the target ๐ฏ
If it breaks down โฌ๏ธ, price may fall further (โ ๏ธ๐).
๐ Conclusion:
Bullish ๐ if the price respects support (๐ข)
Bearish ๐ if it breaks below stop-loss (โ ๏ธ).
๐ข Support Zone:
H1 Support Area ๐: $3,036.67 - $3,044
Price is currently testing this zone (๐ต).
๐ด Resistance Level:
$3,053.45 (๐ Immediate Barrier)
๐ Trade Setup:
โ Potential Buy Entry near support (๐ข)
๐ฏ Target Zone: $3,080 - $3,090 (๐๐)
โ Stop-loss: Below $3,036.67 (โ ๏ธ๐ด)
๐ Price Action:
If support holds ๐ฉ, price could move UP (โฌ๏ธ) toward the target ๐ฏ
If it breaks down โฌ๏ธ, price may fall further (โ ๏ธ๐).
๐ Conclusion:
Bullish ๐ if the price respects support (๐ข)
Bearish ๐ if it breaks below stop-loss (โ ๏ธ).
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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.