I entered a buy trade at the 3002.043 support level, where the price showed a positive reaction and started an upward trend. Currently, the price is approaching a key resistance level, which, if broken, could pave the way for further growth.
Market Analysis:
✅ Strong Support: The price was supported at 3002.043, and buyers stepped in.
✅ Key Resistance: The 3030 - 3035 zone is now a crucial level in the bullish path.
✅ Price Target: If the resistance is broken and the price stabilizes, I expect it to rise to 3056.629.
✅ Risk Management: If the price fails to break the resistance and reverses, a potential retracement could occur, so I have set my stop-loss accordingly.
Now, waiting for a breakout and a continuation of the bullish trend.
Market Analysis:
✅ Strong Support: The price was supported at 3002.043, and buyers stepped in.
✅ Key Resistance: The 3030 - 3035 zone is now a crucial level in the bullish path.
✅ Price Target: If the resistance is broken and the price stabilizes, I expect it to rise to 3056.629.
✅ Risk Management: If the price fails to break the resistance and reverses, a potential retracement could occur, so I have set my stop-loss accordingly.
Now, waiting for a breakout and a continuation of the bullish trend.
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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.
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.