Support Breakdown:
The analysis assumes that the price will respect the support level and bounce back up. However, if the support at around 149.000 is broken, we might see a further decline rather than a bullish reversal.
2. False Breakout at Resistance:
The target suggests a move toward 151.000 resistance. However, price might fail to break above resistance and reverse back down, trapping buyers in a bull trap.
3. Sideways Movement (Consolidation):
The price may not follow the expected movement and could enter a range-bound phase, moving sideways between support and resistance.
4. Fundamental Factors:
Unexpected economic news, central bank intervention, or geopolitical events could disrupt the technical setup, leading to an outcome that does not follow the projected path.
The analysis assumes that the price will respect the support level and bounce back up. However, if the support at around 149.000 is broken, we might see a further decline rather than a bullish reversal.
2. False Breakout at Resistance:
The target suggests a move toward 151.000 resistance. However, price might fail to break above resistance and reverse back down, trapping buyers in a bull trap.
3. Sideways Movement (Consolidation):
The price may not follow the expected movement and could enter a range-bound phase, moving sideways between support and resistance.
4. Fundamental Factors:
Unexpected economic news, central bank intervention, or geopolitical events could disrupt the technical setup, leading to an outcome that does not follow the projected path.
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Disclaimer
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