COPPER is approaching a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in.The current market structure suggests that if the price confirms resistance within this zone, we could see a pullback toward the 4.7100 level, a logical target based on previous price behavior and current market structure. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
Dagangan aktif
Nota
SL hit :( Onto the next one
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.