IMBALANCE AND CONTINUEATION
Potential Scenarios
Bearish Scenario: If price rejects the imbalance zone around 2,767 and starts falling, we could see a retracement towards the support area near 2,644.
Bullish Continuation: If the price consolidates above the imbalance zone, it may attempt to resume an upward trend, possibly aiming for higher resistance levels around 2,800.
Conclusion
The imbalance zone could act as a key resistance level. If price fails to break above it, we may see a bearish move towards the support level at 2,644. However, if the price gains momentum above the imbalance, it might continue upward. Watch closely for price action in the imbalance area for further confirmation.
Bearish Scenario: If price rejects the imbalance zone around 2,767 and starts falling, we could see a retracement towards the support area near 2,644.
Bullish Continuation: If the price consolidates above the imbalance zone, it may attempt to resume an upward trend, possibly aiming for higher resistance levels around 2,800.
Conclusion
The imbalance zone could act as a key resistance level. If price fails to break above it, we may see a bearish move towards the support level at 2,644. However, if the price gains momentum above the imbalance, it might continue upward. Watch closely for price action in the imbalance area for further confirmation.
Disclaimer
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