Price is sitting right on top of major support. This level has been holding up nicely before, and it's also a strong psychological round number, which means buyers naturally defend it harder.
This is where buyers stepped in aggressively the last time. And where reactions tend to be violent.
This is the market literally waiting for a catalyst.
And here’s the important part:
If buyers manage to hold this zone?
We could easily see price pushing back toward 24,750.
BUT…If this support gives way…Then everything changes.
A breakdown here would invalidate the bullish structure entirely and starts a larger bearish move. When a level this strong breaks, it usually drops hard and strong.
So right now, the market is at a crossroads.
A clean break + retest below this level would confirm it.
In short:
👉 Hold the zone → bullish push toward 24,750
👉 Lose the zone → strong bearish continuation
This is where buyers stepped in aggressively the last time. And where reactions tend to be violent.
This is the market literally waiting for a catalyst.
And here’s the important part:
If buyers manage to hold this zone?
We could easily see price pushing back toward 24,750.
BUT…If this support gives way…Then everything changes.
A breakdown here would invalidate the bullish structure entirely and starts a larger bearish move. When a level this strong breaks, it usually drops hard and strong.
So right now, the market is at a crossroads.
A clean break + retest below this level would confirm it.
In short:
👉 Hold the zone → bullish push toward 24,750
👉 Lose the zone → strong bearish continuation
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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.
Free Telegram Signals: t.me/addlist/MLJjjTl2V-M1OTc8
👉Get 20% Deposit BONUS - bit.ly/trenddiva
👉Get 20% Deposit BONUS - bit.ly/trenddiva
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.