After a failed rally that was sharply rejected at the $240 level, price has now entered the key $120 demand zone.
This area is significant: it acted as major resistance for nearly a full year (June 2023 – June 2024) before flipping to strong support during the April 2025 China tariff sell-off.
Despite the clearly positive fundamental backdrop, the sharp decline lacks any rational explanation.
We are currently trading roughly 50% below the recent high of $240.
I view this move as the final shakeout — likely manipulated — designed to force weak hands out before the next leg up.
I took advantage of the weakness and added to my position last Friday.
Still holding strong. The setup looks compelling for a solid rebound from this historic demand level.
This area is significant: it acted as major resistance for nearly a full year (June 2023 – June 2024) before flipping to strong support during the April 2025 China tariff sell-off.
Despite the clearly positive fundamental backdrop, the sharp decline lacks any rational explanation.
We are currently trading roughly 50% below the recent high of $240.
I view this move as the final shakeout — likely manipulated — designed to force weak hands out before the next leg up.
I took advantage of the weakness and added to my position last Friday.
Still holding strong. The setup looks compelling for a solid rebound from this historic demand level.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.