Hi traders!
Today's update will be a short one, as the false breakout scenario I mentioned yesterday is continuing to play out. As a result, all key levels remain unchanged.
As a reminder, yesterday I wrote:
"The break below 62,500 could very well turn out to be another false breakdown, just as it did on Monday. I'm confident many traders rushed to open short positions on those headlines, and these are often the exact situations where the market moves against the crowd. The longer we go without a stronger bearish reaction, the more I'll lean toward the false breakdown scenario and a move back above 62,500."
So far, that's exactly what we're seeing.
📈 Current resistance:
64,890 — Strong horizontal resistance formed during February–March 2026.
🪓 Current support levels:
62,500 — Key support level where price has been consolidating since early June + 100 EMA (1H).
60,800 — Local horizontal support.
60,000 — Strong horizontal support.
Peace, everyone 🌄
Today's update will be a short one, as the false breakout scenario I mentioned yesterday is continuing to play out. As a result, all key levels remain unchanged.
As a reminder, yesterday I wrote:
"The break below 62,500 could very well turn out to be another false breakdown, just as it did on Monday. I'm confident many traders rushed to open short positions on those headlines, and these are often the exact situations where the market moves against the crowd. The longer we go without a stronger bearish reaction, the more I'll lean toward the false breakdown scenario and a move back above 62,500."
So far, that's exactly what we're seeing.
📈 Current resistance:
64,890 — Strong horizontal resistance formed during February–March 2026.
🪓 Current support levels:
62,500 — Key support level where price has been consolidating since early June + 100 EMA (1H).
60,800 — Local horizontal support.
60,000 — Strong horizontal support.
Peace, everyone 🌄
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.