Current Position & Outlook
The price is currently inside Supply Zone 1 (31–33 BDT), which presents a dilemma:
Bearish Near-Term Scenario (green arrow projection): The chart suggests the price may reject from this supply zone and decline back toward the Buy Zone (~28.50). This would mean:
A retest of the upward trendline support
A potential shakeout to accumulate more buyers
An ~11-13% downside from current levels
Long-Term Bullish Target: After a potential dip, the projection shows a strong rally toward Supply Zone 2 (~38–42 BDT) — representing a potential 25-35% upside from the buy zone.
The price is currently inside Supply Zone 1 (31–33 BDT), which presents a dilemma:
Bearish Near-Term Scenario (green arrow projection): The chart suggests the price may reject from this supply zone and decline back toward the Buy Zone (~28.50). This would mean:
A retest of the upward trendline support
A potential shakeout to accumulate more buyers
An ~11-13% downside from current levels
Long-Term Bullish Target: After a potential dip, the projection shows a strong rally toward Supply Zone 2 (~38–42 BDT) — representing a potential 25-35% upside from the buy zone.
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.
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.