1. Key Support & Resistance Levels
Strong support: 3,620 – 3,500
Nearest resistance: 4,040 – 4,250
Major resistance: 4,800 – 5,025
Minor support: 3,810 (current price area)
2. Potential Price Movement
If the price holds at 3,810 and doesn’t break down to 3,620, there is a potential technical rebound toward 4,040 – 4,250.
If the price breaks down from 3,810 and breaches 3,620, there is a risk of further decline to 3,500 or even lower.
If the price rebounds from 3,810 and breaks through 4,040, there is potential for an upswing toward 4,250 – 4,510.
Entry Ideas & Reasons
📌 Buy Entry
Entry Level: 3,620 – 3,810 (strong support area)
Stop Loss: 3,500 (in case the price falls further)
Take Profit Target: 4,040 – 4,250 (nearest resistance)
Reason: The price is already at a historical support area. If there’s a bullish confirmation (reversal candle such as a hammer, doji, or bullish engulfing) in this zone, it can serve as a buy signal.
Strong support: 3,620 – 3,500
Nearest resistance: 4,040 – 4,250
Major resistance: 4,800 – 5,025
Minor support: 3,810 (current price area)
2. Potential Price Movement
If the price holds at 3,810 and doesn’t break down to 3,620, there is a potential technical rebound toward 4,040 – 4,250.
If the price breaks down from 3,810 and breaches 3,620, there is a risk of further decline to 3,500 or even lower.
If the price rebounds from 3,810 and breaks through 4,040, there is potential for an upswing toward 4,250 – 4,510.
Entry Ideas & Reasons
📌 Buy Entry
Entry Level: 3,620 – 3,810 (strong support area)
Stop Loss: 3,500 (in case the price falls further)
Take Profit Target: 4,040 – 4,250 (nearest resistance)
Reason: The price is already at a historical support area. If there’s a bullish confirmation (reversal candle such as a hammer, doji, or bullish engulfing) in this zone, it can serve as a buy signal.
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.
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.