Key Levels:
Resistance / Target Zone: 4,725 – 4,760
Current Price: ~4,560
Support Zone: 4,524 – 4,503
Stop Loss Area: Below 4,516
📈 Trade Idea (BUY Setup):
Entry: Around 4,520 – 4,560 (pullback zone inside channel)
Take Profit: 4,725 → 4,760
Stop Loss: Below 4,516
🧠 Analysis Insight:
Price is respecting the ascending channel.
Recent consolidation suggests accumulation before breakout.
If price holds above 4,520, momentum likely continues upward.
A breakout above 4,725 could accelerate bullish movement.
⚠️ Risk Scenario:
If price breaks below 4,503, structure weakens → possible trend reversal or deeper correction.
Resistance / Target Zone: 4,725 – 4,760
Current Price: ~4,560
Support Zone: 4,524 – 4,503
Stop Loss Area: Below 4,516
📈 Trade Idea (BUY Setup):
Entry: Around 4,520 – 4,560 (pullback zone inside channel)
Take Profit: 4,725 → 4,760
Stop Loss: Below 4,516
🧠 Analysis Insight:
Price is respecting the ascending channel.
Recent consolidation suggests accumulation before breakout.
If price holds above 4,520, momentum likely continues upward.
A breakout above 4,725 could accelerate bullish movement.
⚠️ Risk Scenario:
If price breaks below 4,503, structure weakens → possible trend reversal or deeper correction.
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.