Key Observations:
Resistance Level: The price is testing a key resistance zone around 150.026, where selling pressure could emerge.
EMA Confluence: The price is currently above both the 30 EMA (149.639, red) and 200 EMA (149.339, blue), indicating an overall bullish trend.
Projected Bearish Move: A rejection from the resistance zone could lead to a pullback towards the 149.117 support level, aligning with the potential short-term bearish scenario.
If price fails to break above the resistance and starts forming lower highs, a move towards the target point at 149.117 could unfold.
Resistance Level: The price is testing a key resistance zone around 150.026, where selling pressure could emerge.
EMA Confluence: The price is currently above both the 30 EMA (149.639, red) and 200 EMA (149.339, blue), indicating an overall bullish trend.
Projected Bearish Move: A rejection from the resistance zone could lead to a pullback towards the 149.117 support level, aligning with the potential short-term bearish scenario.
If price fails to break above the resistance and starts forming lower highs, a move towards the target point at 149.117 could unfold.
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Join my telegram (COPY_TRADE)
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Join my refrel broker link
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Join my refrel broker link
one.exnesstrack.org/a/l1t1rf3p6v
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.