1. Trend: The market is in a downtrend, making lower highs and lower lows.
2. Resistance Zone: Around 98,600-98,700, where price may face selling pressure.
3. Support Zone: Around 94,600-95,700, where price recently bounced.
4. Possible Movement:
Price may go up to the resistance and drop again.
If it breaks 94,600, it could fall to 93,300.
Trading Plan:
✅ Sell near resistance if price shows rejection.
✅ Buy near support if price shows bullish confirmation.
✅ Use stop-loss to manage risk.
2. Resistance Zone: Around 98,600-98,700, where price may face selling pressure.
3. Support Zone: Around 94,600-95,700, where price recently bounced.
4. Possible Movement:
Price may go up to the resistance and drop again.
If it breaks 94,600, it could fall to 93,300.
Trading Plan:
✅ Sell near resistance if price shows rejection.
✅ Buy near support if price shows bullish confirmation.
✅ Use stop-loss to manage risk.
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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.
Unlock Market Insights! 🚀
Join our Telegram for expert analysis, free trading signals & real-time updates. Stay ahead in the game.👇
t.me/OliviaGrace_0
Join our Telegram for expert analysis, free trading signals & real-time updates. Stay ahead in the game.👇
t.me/OliviaGrace_0
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.