The market is approaching a strong support zone around 85,471, where a potential bullish reversal is expected. If the price holds at this level, we could see a strong rally towards 88,635, making it a great buying opportunity. However, if the support breaks, further downside movement is possible before a recovery. A confirmation through bullish candlestick patterns or increased buying volume will strengthen the setup. Patience and risk management are key!
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.