The price recently suffered a severe bearish flush that aggressively broke through the primary ascending trendline.
This liquidation spike found precise historical support at the secondary lower channel line near 21,721.90.
Following this exhaustion bottom, a strong V-shaped recovery materialized, driving the price back inside the primary structure. This rapid reclaim invalidates the initial breakdown, identifying it as a textbook "bear trap" designed to wash out leveraged longs.
Local Trajectory & Key LevelsCurrently, the asset is experiencing a short-term bullish consolidation, pressing upward toward the apex of the larger triangle structure.
The immediate price is hovering near 24,570.65, showing a minor localized retracement after testing the overhead resistance cluster.
To sustain this upward momentum, buyers must secure a clean breakout above the macro descending resistance line, currently intersecting around 24,774.30 and 25,220.50. Failure to clear this upper boundary will likely trigger a rejection, sending the price back down to retest the localized horizontal support levels mapped between 24,328.10 and 23,606.30.
For the week Aug 10-14 (2026)
24642.00 will be KEY MAKE or BREAK LEVEL.
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This liquidation spike found precise historical support at the secondary lower channel line near 21,721.90.
Following this exhaustion bottom, a strong V-shaped recovery materialized, driving the price back inside the primary structure. This rapid reclaim invalidates the initial breakdown, identifying it as a textbook "bear trap" designed to wash out leveraged longs.
Local Trajectory & Key LevelsCurrently, the asset is experiencing a short-term bullish consolidation, pressing upward toward the apex of the larger triangle structure.
The immediate price is hovering near 24,570.65, showing a minor localized retracement after testing the overhead resistance cluster.
To sustain this upward momentum, buyers must secure a clean breakout above the macro descending resistance line, currently intersecting around 24,774.30 and 25,220.50. Failure to clear this upper boundary will likely trigger a rejection, sending the price back down to retest the localized horizontal support levels mapped between 24,328.10 and 23,606.30.
For the week Aug 10-14 (2026)
24642.00 will be KEY MAKE or BREAK LEVEL.
Like Share and Follow
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Pubblicazioni correlate
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.