SOYBEAN at Key Resistance Level – Will Sellers Take Control?
SOYBEAN has reached a significant resistance level. This level has consistently acted as a key area of interest where sellers regained control, leading to prior reversals. If the price action confirms a rejection, I anticipate a move downward toward the 1,030 level.However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
Proper risk management is essential, given the possibility of price breaking higher. If this analysis resonates with you or you have a different perspective, feel free to discuss in the comments!
Trade active
Trade closed: target reached
Take Profit Reached
FREE Trading Signals: t.me/danielmtrading
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.
FREE Trading Signals: t.me/danielmtrading
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.