Scenario 1: Bearish Rejection (Continuation)
If price fails to break above the resistance zone (3,259–3,274) and descending channel, a rejection here could lead to a continuation of the downtrend. Expect a potential drop toward the lower channel support around 3,100–3,080.
Scenario 2: Bullish Breakout (Reversal)
If price breaks and closes above the resistance zone and channel boundary with strong momentum, this could signal a trend reversal. The next target would be the 3,340–3,375 zone, with further upside possible if bullish volume increases.
If price fails to break above the resistance zone (3,259–3,274) and descending channel, a rejection here could lead to a continuation of the downtrend. Expect a potential drop toward the lower channel support around 3,100–3,080.
Scenario 2: Bullish Breakout (Reversal)
If price breaks and closes above the resistance zone and channel boundary with strong momentum, this could signal a trend reversal. The next target would be the 3,340–3,375 zone, with further upside possible if bullish volume increases.
Free channel
t.me/+J9YzBuy-y4ExMjNk
Accuracy rate exceeds 90%
t.me/+J9YzBuy-y4ExMjNk
Weekly return rate 500%
t.me/+J9YzBuy-y4ExMjNk
t.me/+J9YzBuy-y4ExMjNk
Accuracy rate exceeds 90%
t.me/+J9YzBuy-y4ExMjNk
Weekly return rate 500%
t.me/+J9YzBuy-y4ExMjNk
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 channel
t.me/+J9YzBuy-y4ExMjNk
Accuracy rate exceeds 90%
t.me/+J9YzBuy-y4ExMjNk
Weekly return rate 500%
t.me/+J9YzBuy-y4ExMjNk
t.me/+J9YzBuy-y4ExMjNk
Accuracy rate exceeds 90%
t.me/+J9YzBuy-y4ExMjNk
Weekly return rate 500%
t.me/+J9YzBuy-y4ExMjNk
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.