Resistance Zone: Price reached a high near 2,882.3 but failed to stay above it.
Break of Structure: The price dropped, indicating a possible downtrend.
Expected Movement: A slight pullback to the 2,818–2,807 area before continuing downward.
Support Levels: Key support zones are around 2,777 and 2,763, where buyers might step in.
This suggests a bearish trend unless the price moves back above the resistance zone.
Break of Structure: The price dropped, indicating a possible downtrend.
Expected Movement: A slight pullback to the 2,818–2,807 area before continuing downward.
Support Levels: Key support zones are around 2,777 and 2,763, where buyers might step in.
This suggests a bearish trend unless the price moves back above the resistance zone.
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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.