Current Price: $107,482
Support Level: $102,998
Targets (Resistance Levels):
🎯 Target 1: $109,000
🎯 Target 2: $109,961
🎯 Target 3: $110,829
Trend Bias: Bullish (indicated by the blue arrow)
Consolidation Area: Between ~$106,000–$108,000 (prior to breakout attempt)
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📈 Interpretation:
The chart suggests a potential breakout from consolidation, with upward targets clearly marked.
If price breaks above $108,000, it could test:
First at $109,000 (psychological resistance),
Then continue to $109,961 and $110,829.
The key support at $102,998 is important for invalidating the bullish outlook. A move below this would shift the bias bearish.
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✅ Bullish Scenario:
Entry near current price (~$107,500)
SL: Below support at ~$102,998
TP1: $109,000
TP2: $109,961
TP3: $110,829
Support Level: $102,998
Targets (Resistance Levels):
🎯 Target 1: $109,000
🎯 Target 2: $109,961
🎯 Target 3: $110,829
Trend Bias: Bullish (indicated by the blue arrow)
Consolidation Area: Between ~$106,000–$108,000 (prior to breakout attempt)
---
📈 Interpretation:
The chart suggests a potential breakout from consolidation, with upward targets clearly marked.
If price breaks above $108,000, it could test:
First at $109,000 (psychological resistance),
Then continue to $109,961 and $110,829.
The key support at $102,998 is important for invalidating the bullish outlook. A move below this would shift the bias bearish.
---
✅ Bullish Scenario:
Entry near current price (~$107,500)
SL: Below support at ~$102,998
TP1: $109,000
TP2: $109,961
TP3: $110,829
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.