Description
Price has recently moved into a resistance zone, where buying volume appears to be moderating, indicating a lack of strong upside follow-through.
Price is currently hovering near Support-1, making this a key level to monitor in the near term.
Technical Observations
Buying volume has contracted in the recent advance, suggesting reduced participation.
Price remains below the recent supply zone.
Support-1 acts as the immediate reference level.
Major Support below remains the next structural area of interest.
Scenario to Watch
If price sustains below Support-1, focus may shift toward a retest of the major support zone.
A firm hold above Support-1 could keep price in a consolidation phase.
This analysis is based on price structure and volume behaviour, not prediction.
🛡️ Disclaimer
This analysis is shared for educational and informational purposes only.
It does not constitute investment or trading advice.
Markets involve risk; please do your own research or consult a registered advisor.
Price has recently moved into a resistance zone, where buying volume appears to be moderating, indicating a lack of strong upside follow-through.
Price is currently hovering near Support-1, making this a key level to monitor in the near term.
Technical Observations
Buying volume has contracted in the recent advance, suggesting reduced participation.
Price remains below the recent supply zone.
Support-1 acts as the immediate reference level.
Major Support below remains the next structural area of interest.
Scenario to Watch
If price sustains below Support-1, focus may shift toward a retest of the major support zone.
A firm hold above Support-1 could keep price in a consolidation phase.
This analysis is based on price structure and volume behaviour, not prediction.
🛡️ Disclaimer
This analysis is shared for educational and informational purposes only.
It does not constitute investment or trading advice.
Markets involve risk; please do your own research or consult a registered advisor.
Trade active
As expected Price has tested Major Support and Bouceed back up.I dont think Price will BO just like that .. Possible Sideways for day or 2
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.