Bias: Neutral to Bearish
Price is currently reacting off a key technical support zone. We expect to see a defensive bounce from the 66.6K level, which aligns with the upper trendline of the channel. This bounce should face immediate selling pressure at the Daily Pivot (67.6K) .
The strategy here is to look for a rejection wick or bearish candlestick pattern at 67.6K for short entries. The primary target to the downside is the fresh demand zone at 66.0K. A break below this level could accelerate selling pressure toward the major historical demand area at 65.0K.
Key Levels:
Bullish Trigger: Holding above 66.6K (Watch for bounce).
Bearish Confirmation: Rejection at 67.6K.
Downside Targets: 66.0K (Primary Demand) ➡️ 65.0K (Major Demand).
Summary: Look to sell the rally at the Daily Pivot, targeting a breakdown of the channel support.
Price is currently reacting off a key technical support zone. We expect to see a defensive bounce from the 66.6K level, which aligns with the upper trendline of the channel. This bounce should face immediate selling pressure at the Daily Pivot (67.6K) .
The strategy here is to look for a rejection wick or bearish candlestick pattern at 67.6K for short entries. The primary target to the downside is the fresh demand zone at 66.0K. A break below this level could accelerate selling pressure toward the major historical demand area at 65.0K.
Key Levels:
Bullish Trigger: Holding above 66.6K (Watch for bounce).
Bearish Confirmation: Rejection at 67.6K.
Downside Targets: 66.0K (Primary Demand) ➡️ 65.0K (Major Demand).
Summary: Look to sell the rally at the Daily Pivot, targeting a breakdown of the channel support.
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Join our free telegram channel t.me/K2XTrade
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.