Reasons for Possible Buy:
Price is sitting on a rising trendline acting as dynamic support.
Strong horizontal support zone previously acted as demand.
Signs of a potential bullish reaction or bounce after extended downside.
Trade Plan:
Looking for bullish confirmation (candle structure or momentum shift) around this level.
If confirmed, potential targets:
First target: $3,365–$3,380
Second target: $3,431
🔹 Invalidation: Clean break below $3,320 zone or trendline support would invalidate the setup.
This is a high-reward area if buyers step in again like they did previously. Patience for confirmation is key before executing.
Price is sitting on a rising trendline acting as dynamic support.
Strong horizontal support zone previously acted as demand.
Signs of a potential bullish reaction or bounce after extended downside.
Trade Plan:
Looking for bullish confirmation (candle structure or momentum shift) around this level.
If confirmed, potential targets:
First target: $3,365–$3,380
Second target: $3,431
🔹 Invalidation: Clean break below $3,320 zone or trendline support would invalidate the setup.
This is a high-reward area if buyers step in again like they did previously. Patience for confirmation is key before executing.
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.
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.