Bias: Neutral to Bearish
Price is currently reacting off a key technical support zone. We expect to see a defensive bounce from the 66.6K level, which aligns with the upper trendline of the channel. This bounce should face immediate selling pressure at the Daily Pivot (67.6K) .
The strategy here is to look for a rejection wick or bearish candlestick pattern at 67.6K for short entries. The primary target to the downside is the fresh demand zone at 66.0K. A break below this level could accelerate selling pressure toward the major historical demand area at 65.0K.
Key Levels:
Bullish Trigger: Holding above 66.6K (Watch for bounce).
Bearish Confirmation: Rejection at 67.6K.
Downside Targets: 66.0K (Primary Demand) ➡️ 65.0K (Major Demand).
Summary: Look to sell the rally at the Daily Pivot, targeting a breakdown of the channel support.
Price is currently reacting off a key technical support zone. We expect to see a defensive bounce from the 66.6K level, which aligns with the upper trendline of the channel. This bounce should face immediate selling pressure at the Daily Pivot (67.6K) .
The strategy here is to look for a rejection wick or bearish candlestick pattern at 67.6K for short entries. The primary target to the downside is the fresh demand zone at 66.0K. A break below this level could accelerate selling pressure toward the major historical demand area at 65.0K.
Key Levels:
Bullish Trigger: Holding above 66.6K (Watch for bounce).
Bearish Confirmation: Rejection at 67.6K.
Downside Targets: 66.0K (Primary Demand) ➡️ 65.0K (Major Demand).
Summary: Look to sell the rally at the Daily Pivot, targeting a breakdown of the channel support.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Join our free telegram channel t.me/K2XTrade
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.