From the daily chart perspective, the impact of the weekend news was short-lived, and the market lacked effective technical bullish conditions, causing it to fall back continuously after testing resistance levels.
In the short term, the key focus is on the 4525-4540 range, with initial support around the previous low of 4500. However, the market is expected to extend downwards to test the lower edge of the range and the short-term trendline around 4430.
Looking at the 1-hour chart, the price repeatedly tested 4580 but failed to break through, reflecting a lack of upward momentum in the market. In the short term, the upside target is the resistance around 4540 on the 1-hour chart moving average. On the downside, watch for support at 4500 and Tuesday's low of 4480. If this level is broken, the price may move towards the previous low of around 4450, or even 4420-4400.
Short-term trading strategies should prioritize selling at highs; consider scaling into short positions within the 4520–4540 range, targeting 4500–4470.
In the short term, the key focus is on the 4525-4540 range, with initial support around the previous low of 4500. However, the market is expected to extend downwards to test the lower edge of the range and the short-term trendline around 4430.
Looking at the 1-hour chart, the price repeatedly tested 4580 but failed to break through, reflecting a lack of upward momentum in the market. In the short term, the upside target is the resistance around 4540 on the 1-hour chart moving average. On the downside, watch for support at 4500 and Tuesday's low of 4480. If this level is broken, the price may move towards the previous low of around 4450, or even 4420-4400.
Short-term trading strategies should prioritize selling at highs; consider scaling into short positions within the 4520–4540 range, targeting 4500–4470.
Zlecenie aktywne
Prices have begun to pull back. Those executing a sell strategy, please monitor the magnitude of the retracement and close your positions in a timely manner to lock in profits.Transakcja zamknięta: osiągnięto wyznaczony cel
Congratulations to everyone who executed the strategy—you’ve secured some very substantial profits!
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Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.