1️⃣ Uptrend broken
• The black upward trend line has been clearly broken down
• This is a change in the market structure (HH/HL → LH/LL)
• It's not just the wick - the candles have closed below
➡️ Short-term bias: bearish
⸻
2️⃣ Strong downward impulse
• One long falling candle + continuation
• No immediate rebound = weak demand
• This looks like a distribution + dump, not a correction
⸻
3️⃣ Key Levels (from your lines)
🔴 Resistances (now SELL / short area):
• 88,520 – 88,800
• 89,000 – 89,200
➡️ Until the price returns and stays above 89k, any upward movement is a pullback, not a trend.
🟢 Support:
• 87,650 (local – already tested)
• 87,400 – 87,200
• 86,750 (very important, lower support)
⸻
4️⃣ Stochastic RSI
• Came out of overbought
• Lines pointing strongly downwards
• There is no bullish divergence yet
➡️ Momentum is still down, no long signal visible
⸻
🧠 Scenarios (Highlights)
🟥 SCENARIO 1 – base (more likely)
Pullback → further decline
• The price returns to around 88,200 – 88,600
• Rejection (lack of volume, weak candles)
• Next move down:
• 🎯 87,200
• 🎯 86,750
➡️ This is a classic break & retest
⸻
🟨 SCENARIO 2 – consolidation
• Price holds 87,400 – 88,200
• Lack of volume
• “Grinding” before the next move
• The black upward trend line has been clearly broken down
• This is a change in the market structure (HH/HL → LH/LL)
• It's not just the wick - the candles have closed below
➡️ Short-term bias: bearish
⸻
2️⃣ Strong downward impulse
• One long falling candle + continuation
• No immediate rebound = weak demand
• This looks like a distribution + dump, not a correction
⸻
3️⃣ Key Levels (from your lines)
🔴 Resistances (now SELL / short area):
• 88,520 – 88,800
• 89,000 – 89,200
➡️ Until the price returns and stays above 89k, any upward movement is a pullback, not a trend.
🟢 Support:
• 87,650 (local – already tested)
• 87,400 – 87,200
• 86,750 (very important, lower support)
⸻
4️⃣ Stochastic RSI
• Came out of overbought
• Lines pointing strongly downwards
• There is no bullish divergence yet
➡️ Momentum is still down, no long signal visible
⸻
🧠 Scenarios (Highlights)
🟥 SCENARIO 1 – base (more likely)
Pullback → further decline
• The price returns to around 88,200 – 88,600
• Rejection (lack of volume, weak candles)
• Next move down:
• 🎯 87,200
• 🎯 86,750
➡️ This is a classic break & retest
⸻
🟨 SCENARIO 2 – consolidation
• Price holds 87,400 – 88,200
• Lack of volume
• “Grinding” before the next move
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.