Red candles may be approaching for the TOTAL market cap parameter.
Currently, TOTAL is sitting right on a strong support zone that has held multiple times in the past. However, if this level fails to hold, the market could experience a sharp decline in the coming days.
Two Possible Scenarios:
Bullish case: If the market manages a bounce this week, there’s a risk of forming a Head and Shoulders pattern, which could act as a reversal structure unless invalidated quickly.
Bearish case: TOTAL has already mitigated a key supply zone (marked in red on the chart). A logical move here would be a retracement down to a nearby demand zone to regain strength for a fresh upward push.
If the current support is lost, we can expect a drop toward the green demand area between 3T and 2.85T.
Opportunity Zone: This range (3T–2.85T) will be ideal for long-term long or buy positions once reached, as it represents a high-probability rebound zone based on historical price behavior.
— Thanks for reading.
Currently, TOTAL is sitting right on a strong support zone that has held multiple times in the past. However, if this level fails to hold, the market could experience a sharp decline in the coming days.
Two Possible Scenarios:
Bullish case: If the market manages a bounce this week, there’s a risk of forming a Head and Shoulders pattern, which could act as a reversal structure unless invalidated quickly.
Bearish case: TOTAL has already mitigated a key supply zone (marked in red on the chart). A logical move here would be a retracement down to a nearby demand zone to regain strength for a fresh upward push.
If the current support is lost, we can expect a drop toward the green demand area between 3T and 2.85T.
Opportunity Zone: This range (3T–2.85T) will be ideal for long-term long or buy positions once reached, as it represents a high-probability rebound zone based on historical price behavior.
— Thanks for reading.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.