1. Rejection at Key Resistance
Price moved higher but faced rejection around the recent high near 79,500. This level continues to act as a strong resistance zone.
2. Short-Term Weakness Appearing
A bearish candle has crossed below the 5MA, suggesting a pause in momentum. This signals a short-term cooldown rather than a confirmed reversal.
3. Bullish Structure Still Intact
Despite the pullback, the overall structure remains bullish with 5 > 20 > 60. This keeps the broader uptrend bias intact.
4. Next Potential Move
If price can reclaim the 5MA with a bullish candle, it may attempt another move toward 79,500. A breakout above that level could lead to further upside.
5. Still a Sensitive Phase
However, the structure is still relatively fragile. A continued move below the 5MA could weaken momentum further and delay the next bullish attempt.
6. What I’m Watching
* Reclaim of the 5MA
* Reaction at 79,500
* Strength of follow-through after any bounce
Price moved higher but faced rejection around the recent high near 79,500. This level continues to act as a strong resistance zone.
2. Short-Term Weakness Appearing
A bearish candle has crossed below the 5MA, suggesting a pause in momentum. This signals a short-term cooldown rather than a confirmed reversal.
3. Bullish Structure Still Intact
Despite the pullback, the overall structure remains bullish with 5 > 20 > 60. This keeps the broader uptrend bias intact.
4. Next Potential Move
If price can reclaim the 5MA with a bullish candle, it may attempt another move toward 79,500. A breakout above that level could lead to further upside.
5. Still a Sensitive Phase
However, the structure is still relatively fragile. A continued move below the 5MA could weaken momentum further and delay the next bullish attempt.
6. What I’m Watching
* Reclaim of the 5MA
* Reaction at 79,500
* Strength of follow-through after any bounce
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Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.