🔹 Key Levels & Market Structure: ✅ 86,800 - 87,200: Support zone, potential bounce area. ✅ 88,921.45: Key level, price might test and reject. ✅ 90,924 - 91,580: Major resistance zone, strong reaction expected.
🚀 Bullish Scenario: 🔹 If price holds above 87,200, we may see a push towards 88,921. 🔹 A clean break above 88,921 could trigger a move to 90,897 - 90,924. 🔹 Strong bullish momentum above 91,580 may confirm further upside.
⚠️ Bearish Scenario: 🔹 If price breaks below 87,000, further downside towards 85,800 - 86,000 is likely. 🔹 Rejection from 90,924 - 91,580 may signal a reversal or pullback.
💡 Trading Plan: ✅ Look for bullish confirmations at major support zones for long entries. ✅ If price faces rejection at resistance, consider short opportunities. ✅ Watch price action closely around 88,921 for liquidity grabs.
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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.