🔹 Market Overview:
The price has broken its parabolic trend, leading to a sharp drop.
Currently, it is testing a critical HTF gap in the $180 - $196 range (0.618 - 0.666 Fibonacci levels).
This area must hold to prevent a prolonged correction.
🔍 Trading Plan:
1️⃣ Long entry from $180 - $196 with a strict stop-loss.
2️⃣ If this zone fails, exit the position and look for alternative setups.
📌 Conclusion:
🔥 This is a make-or-break zone—either a local reversal or a deeper drop.
A great area for limit orders, but strict risk management is key! 🚀
The price has broken its parabolic trend, leading to a sharp drop.
Currently, it is testing a critical HTF gap in the $180 - $196 range (0.618 - 0.666 Fibonacci levels).
This area must hold to prevent a prolonged correction.
🔍 Trading Plan:
1️⃣ Long entry from $180 - $196 with a strict stop-loss.
2️⃣ If this zone fails, exit the position and look for alternative setups.
📌 Conclusion:
🔥 This is a make-or-break zone—either a local reversal or a deeper drop.
A great area for limit orders, but strict risk management is key! 🚀
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.