sol FINISHED"The Pump Fun casino was exciting, peaking with the 'Trump top,' which drove many investors to buy SOL in droves to join the action. But the jig is up—memecoins are a thing of the past. We’re now in a meme cooldown period as people realize they aren’t winning the game. There’s little reason to buy SOL at this point, especially with many holders and upcoming unlocks creating sell pressure. The only hope is the SOL ETF, but holders are in for a rude awakening when it fails to attract inflows, even if it gets approved. I expect we’ll see prices drop below $100 again
Community ideas
"Dynamic Liquidity Execution" Bitcoin’s price action is currently playing out exactly as anticipated. The green candles represent my whale-coded signals, indicating areas where major players are stepping in.
Price Target & Rejection Levels:
My initial target is $90,883, but there's potential for a higher move before rejection. However, this move is not genuine—it's a temporary bull release before the real rejection sets in.
Smart Money Trap & Price Rejection:
The red horizontal line marks the True Value Line, which acts as a smart money trap—a deceptive level designed to lure liquidity before price gets rejected. Meanwhile, the green horizontal line represents an equal low, a key area where price may reject.
Trend & Expansion to Squeeze Shift:
Looking at the first whale-coded candle and comparing it to the second, my specialized indicator (tracking Altcoins, USDT.D, and Bitcoin) reveals a clear expansion phase transitioning into a squeeze. This indicates that a volatility contraction is on the horizon, preparing for a significant move.
Guidance for Price Action:
The dotted trendlines and regression channels are used to guide price action, keeping the broader structure in check.
The Reality Behind This Move:
This bullish push is temporary—dark pools will step in once again to reject Bitcoin’s price. This aligns with the squeeze setup forming, reinforcing the probability of a controlled rejection rather than a genuine breakout.
I will be executing both **short and long positions** dynamically as price evolves, adapting to key liquidity shifts and market structure changes. Each entry will be based on confirmed reactions at strategic levels, ensuring precision in capturing both **rejections and breakouts** as they unfold.
Altcoin Wave Breakdown & Market Rotation
Right now, the Altcoin Wave is rolling over, which means altcoin strength is fading. This signals that capital is starting to move out of alts, either into Bitcoin, stablecoins (USDT.D), or sitting on the sidelines.
Altcoin Trend (Yellow Line): The wave peaked and is now declining—this suggests altcoins are losing momentum and could see a pullback.
USDT.D Trend (Green Line): If this starts rising, it confirms money is leaving altcoins into stablecoins, meaning traders are shifting to safety.
Bitcoin Trend (Orange Line): Right now, BTC’s trend isn’t reclaiming strength yet. If it starts to climb while alts drop, we’re looking at a rotation from altcoins back into Bitcoin—a classic market shift before BTC dominance rises.
Squeeze Warning: Volatility Expansion Incoming
My indicator is showing a squeeze is about to begin, meaning volatility is contracting and a big move is on the horizon.
With the Altcoin Wave rolling over, this is setting up for altcoin weakness unless liquidity shifts back in.
Bottom Line:
If USDT.D spikes, alts will bleed.
If Bitcoin gains strength while alts weaken, BTC will take liquidity from the altcoin market.
A squeeze means a major move is coming—watch for the breakout direction.
This isn’t a random dip—smart money is repositioning, and altcoins might react. Stay ahead of the move.
Your Investing Alarm Just Went Off! Are You In?Hey, future wealth builders!
Today, I’m kicking off a new series where I’ll be your personal market alarm system! Think of me as the investing wake-up call you didn’t know you needed. Buzzing in your inbox to make sure you never snooze on your next investment.
We’ll regularly review stock indices so that you can invest consistently, with confidence and purpose. Every month. Little by little, building your wealth.
Goals:
Encourage consistent and regular investing.
Identify the strongest-performing indices at any given time.
Ensure that investment decisions are thoughtful and informed.
Avoid emotional, random, and blindly made purchases.
Why does this approach work?
In January , I tested whether smart index selection can outperform the market over 20 years. I analyzed three U.S. indices: S&P 500, Russell 2000, Nasdaq 100.
On the first trading day of each quarter, I bought the technically strongest index, the one showing the best price movement and trend. I made a total of 81 trades.
The results:
✅ I outperformed the S&P 500 (+233%) and Russell 2000 (+128%), achieving a +344% return.
❌ But I couldn’t beat the Nasdaq 100, which returned +570%.
Investing would be easy if we knew today which index to buy for the next 10 or 20 years but since time travel isn’t an option (yet), sticking to just one index could cost you tens of thousands over time. The solution? Make the best choice at each moment.
Which indices do I track?
After careful consideration and discussions with ETF expert Märten Kress, I have selected four key indices from different regions:
📌 S&P 500 – U.S. large-cap stocks
📌 Nasdaq 100 – U.S. tech and growth stocks
📌 EuroStoxx 600 – European large-cap stocks
📌 China Large-Cap ETF – China’s largest and most liquid companies
How does it work?
On the 1st and 15th of every month (or the next trading day), I analyze which index has the strongest technical “setup”. Why these days? Payday reminders! Invest in yourself first, build your portfolio , and then think about whether those extra expenses are really worth it.
You’ll find out which index is hot right now so you can invest more wisely.
Why am I doing this?
Actually, my main goal with this series is to be that friend who calls and says: “Come on, let’s hit the gym!” You may not feel like going, but once you do, you always feel better afterward. This is the same, except the workout is investing.
Investing must be consistent and strategic. Blind purchases can cost you thousands.
Smart diversification helps maximize returns and reduce risks.
You don’t have to analyze everything yourself. I’ll provide insights to help you stay on track and save you time.
Whether you invest every month, twice a month, or once a quarter, is up to you. I’ll be here, my posts will keep coming, and my technical opinion will always be available. The key is consistency and investing without emotions!
WHO WINS THIS MONTH?
Let’s get serious. Which index is the strongest this month? Which one has momentum, and which one should we wait on?
-----------
🚀 Want to know which index is leading this month?
I break it down every month (or twice a month) on my Substack, so you always stay ahead with the strongest setups.
⚡ No guessing. No blind moves. No sticking to just one index. Get the data, make smarter decisions, and grow your portfolio.
🔗 Find the link in my BIO (under the Website icon) , or if you're on mobile, just scroll down to my signature!
See you there,
Vaido
Gold price today: Strong rebound!Dear traders!
At around 6 AM on March 4, the spot gold price stood at $2,894 per ounce, marking a $36 increase from the previous day's opening price of $2,858 per ounce.
The primary reason for this rise is the increased risk aversion among investors, driving higher demand for safe-haven assets like gold amid escalating geopolitical tensions. Over the weekend, a heated exchange between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky raised concerns that efforts to end the Ukraine-Russia military conflict could reach an impasse.
Additionally, U.S. trade tariffs on Mexico, Canada, and China take effect today, March 4, sparking fears of potential financial market instability. This uncertainty has pushed many investors toward gold as a wealth preservation asset.
Meanwhile, a sudden decline in the U.S. dollar has made gold more attractive to investors holding other currencies. As a result, today's gold price outlook remains positive. Keep an eye on the $2,892 resistance level, as a breakout above this point could signal further upside momentum.
What are your thoughts?
CHFJPY from an Elliott Wave perspectiveA very strong move to the upside is inbound after completion of Wave B of the zigzag. This would be at exactly the 100% Fib. Retracement meaning it would be the end of the correction and resumption of Red Wave B also Green Wave C. This Wave must be a clear 3 Wave move to the upside.
USNAS100 – Key Levels & Breakout Watch (3 March) 📊 USNAS100 – 3 March Market Outlook
The price is expected to consolidate between 20,990 and 20,870 until a breakout occurs.
🔹 Bullish Scenario: If the price closes a 4-hour candle above 20,990, this could trigger a push toward 21,166 and higher levels.
🔹 Bearish Scenario: A close below 20,870 would confirm a move into the bearish zone, targeting 20,670.
📍 Key Levels to Watch:
Pivot Line: 20,990
Resistance: 21,160 | 21,390
Support: 20,790 | 20,670
⚡ Outlook: Price action remains neutral until a breakout. Watch for key 4-hour candle closes to confirm the next move.
GOLD - Bearish Continuation Toward 2,840OANDA:XAUUSD is currently testing a key resistance zone within a well-defined descending channel, suggesting the potential for a bearish continuation. If price action confirms rejection at this level, we could see a move lower toward 2,840, which aligns with the channel’s midline. However, a breakout above this resistance could invalidate the bearish outlook and signal a shift in momentum.
This setup reflects the potential for a continuation of the prevailing downtrend. If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments! 📉🔥
CAD/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
We are now examining the CAD/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 108.118 level.
✅LIKE AND COMMENT MY IDEAS✅
Shorting gold againFrom the current gold structure, it can be clearly seen that a certain amount of buying support has accumulated in the 2910-2920 area; however, in the absence of rebound strength, if gold cannot effectively break through the 2920-2930 area, gold is still in a relatively weak position.
So in terms of short-term trading, if gold cannot break through the 2920-2930 area, we can still continue to short gold based on this resistance area; but when executing the transaction, we must be careful that once gold strongly breaks through the 2920-2930 resistance area, gold may continue to fall back to the 2900-2890 area.
So in the short term, you can still try to short gold again. I have already shorted gold near 2915-2920. Wish us good luck! Brothers, have you followed me to short gold? If you want to know more detailed trading ideas and get more trading signals, you can choose to join the information at the bottom of the article to make trading no longer difficult and make making money a pleasure!
GOLD BULL HIGHER HIGH BREAKOUT ALERT!🚀 Calling all traders! 🌟 XAUUSD is blazing, smashing records with finesse! 🔥 Here’s the latest:
🔍 XAUUSD Overview: 📊 Engaged in a gripping duel between 2883 and 2893. 🤔 Is a breakout looming?
📉 Bearish Outlook: 📉 Be alert for potential declines if it dips below the range! 🎯 Targets: 2870, 2860.
📈 Bullish Outlook: 📈 Anticipate buying opportunities if it breaks above! 🎯 Targets: 2900, 2908.
💬 Join the Discussion: 💬 Share your perspectives as we journey through this golden terrain! 🗣️ Let’s reach new heights together! 💼✨
USD/CAD – High Probability Long SetupHey guys, welcome back! I'm Skeptic, and today I want to share an interesting long setup on USD/CAD that could present a solid trading opportunity. Let's break it down!
📌 1D Timeframe Analysis
After the previous uptrend, USD/CAD entered a long consolidation phase within a daily range.
Recently, we saw a fake breakout of the range low, followed by strong bullish momentum, indicating a potential attempt to break the key resistance at 1.45172.
If this breakout is successful, we could see higher targets being tested.
📌 4H Timeframe & Entry Plan
🔹 Trigger: Entry after the breakout of 1.44545 resistance.
🔹 Execution: You can either place a stop-buy order or wait for a breakout confirmation on lower timeframes.
🔹 Stop-Loss: Below 1.43677 (safe level).
🔹 Target: Holding towards the daily resistance at 1.45172 and beyond.
📌 Why take this trade?
We are anticipating the daily breakout before it happens, rather than chasing it after the fact.
If you wait for confirmation above 1.45172, you may need a wider stop-loss, making the entry less favorable due to increased volatility.
📉 Risk management remains key! Make sure to size your position accordingly and avoid overleveraging.
💬 What’s your take on this USD/CAD setup? Drop your thoughts below!
🚀 See you in the next analysis!
Henry Hub Rally Poised To Extend as Tailwinds Hold StrongHenry Hub Liquified Natural Gas (“LNG”) prices are roaring back, surging in February as frigid temperatures, falling inventories, and soaring LNG exports fuel a bullish rally.
With US storage dipping below the five-year average for the first time since 2022 and technical indicators flashing strength, does the rally have more room to run?
LNG RALLIES AS COLD WEATHER FUELS DEMAND AND TIGHTENS SUPPLY
CME Henry Hub Natural Gas Futures (“CME LNG Futures”) have surged 26% in February, rebounding from a 16.2% decline in January. The rally has been driven by rising exports, falling storage levels, supply disruptions, and colder-than-expected weather.
January’s decline was surprising, given that U.S. temperatures averaged 29.2°F in January (0.9°F below average, around -1.56°C), the coldest January since 2005. This resulted in the average daily gas consumption reaching 124.4 Bcf, which is 12% higher than the five-year average, according to the EIA .
Prices initially climbed 10.2% from 03/Jan to 24/Jan in response to strong demand, but a late-month selloff erased gains as forecasts turned milder.
February saw a swift rebound as colder-than-expected temperatures pushed heating demand beyond expectations, fuelling a price rally.
European gas markets added further support, with Dutch TTF prices hitting a two-year high on 11/Feb amid freezing weather, Norwegian supply disruptions, and rapid storage depletion.
However, European prices have eased recently due to Russia- Ukraine peace talks, milder forecasts, and discussions on EU storage policies.
LNG EXPORTS RISE AMID GROWING GLOBAL DEMAND
US LNG exports surged in January, driven by cold temperatures, depleting reserves, and Europe’s shift away from Russian gas. The US exported 8.46 million metric tonnes (412 Bcf) of LNG in January 2025, with 86% heading to Europe—a sharp increase from 69% in December reports Reuters . However, exports remain below the record 422.9 Bcf set in December 2023.
Source: EIA
Meanwhile, the latest EIA data (updated till December 2024) shows that US LNG exports rose 0.6% YoY in 2024.
Export volumes are poised to rise further, supported by Trump’s energy policies easing LNG infrastructure development. Gas flows to export terminals have increased, averaging 14.6 Bcfd in January, and expected to reach 15.6 Bcfd in February. Gas flows are well above the levels seen in Q4 2024, October (13.1 Bcfd), November (13.3 Bcfd), and December (13 Bcfd).
A key advantage for US LNG is the absence of destination clauses, allowing buyers to redirect shipments based on demand. Even if Europe does not fully wean off Russian gas, growing U.S. export capacity ensures flexibility to serve other markets, particularly Asia.
INVENTORIES FALL BELOW 5-YEAR AVERAGE; EIA RAISES HENRY HUB PRICE FORECAST
Amid colder-than-expected weather and rising LNG exports, LNG storage levels have fallen more than anticipated, dropping below the five-year average (2020–2024) for the first time since 2022.
Source: EIA Data
Storage fell below the five-year average in the week ending 24/Jan and remained below since. As of the week ending 21/Feb, inventories were 11.5% lower than the five-year average. Weekly storage declines have exceeded analyst expectations for four consecutive weeks, indicating stronger-than-expected demand.
Source: EIA
According to the EIA’s latest Short-Term Energy Outlook (STEO), January withdrawals from underground storage totalled nearly 1,000 Bcf, 39% above the five-year average. The agency expects inventories to end the withdrawal season (Nov–Mar) 4% below average, citing higher consumption and flat production through Q1 2025.
Source: EIA STEO
In response to tightening supply, the EIA raised its Henry Hub price forecasts for 2025 and 2026 by 20.7% and 4.8%, respectively, compared to prior estimates.
TECHNICAL INDICATORS SIGNAL SUSTAINED BULLISH MOMENTUM
With bullish fundamentals supporting Henry Hub prices, technical indicators also signal an uptrend.
Monitoring the 9-day EMA/21-day EMA cross helps identify trend shifts for day trading. A golden cross, a bullish signal (9-day EMA above 21-day EMA), indicates upward momentum, while a death cross, a bearish signal (9-day EMA below 21-day EMA), suggests weakening price action.
The 9-day EMA crossed above the 21-day EMA on 18/Feb, forming a golden cross. The widening gap suggests growing bullish momentum.
However, the MACD has turned negative after a strong bullish trend. Meanwhile, the RSI hovers at 50.39, down from its monthly peak of 66.60 & below its moving average of 56.66.
Source: TradingView
TradingView’s technical analysis dashboard also indicates a bullish trend.
COMMITMENT OF TRADERS
For the week ending 18/Feb, managed money’s net long positions in Henry Hub natural gas (futures & options) increased by 40% WoW, marking a second straight weekly gain. Long positions grew by 14.4% to 241,541 lots, while short positions inched up 0.2% to 137,674 lots.
Source: QuikStrike
Long positions have risen steadily since 11/Feb, while short positions remain unchanged, implying a growing bullish sentiment in the market.
HYPOTHETICAL TRADE SETUP
Multiple factors continue to support Henry Hub prices, including cold temperatures, rising LNG exports, expanding US LNG capacity, and falling inventories.
Adding to the bullish outlook, near-term production declines are expected to tighten supply through the remainder of winter. With these fundamentals in play and strong technical signals, natural gas prices may have further upside potential.
Portfolio managers and traders can capitalize on a bullish LNG outlook by tapping into CME Micro Henry Hub Natural Gas Futures. These contracts offer the same exposure as standard Henry Hub futures but at 1/10th the size, providing enhanced accessibility and more precise risk management opportunities.
This paper posits a long position in CME Micro Henry Hub Natural Gas Futures (Apr 2025) expiring on 26/Mar (MNGJ2025) with the following trade setup:
• Entry: 3.75/MMBtu
• Target: 4.25/barrel
• Stop: 3.45/barrel
• P&L at Target (per lot): +500 ((4.25 – 3.75) x 1,000)
• P&L at Stop (per lot): -300 ((3.45 – 3.75) x 1,000)
• Reward-to-Risk Ratio: 1.67x
CME Group lists a raft of products covering a range of asset classes more accessible while also enabling granular hedging for portfolio managers.
Investors can learn more about how to access these micro products by visiting the CME Micro Products page on the CME portal to discover micro-sized contracts to gain macro exposures.
MARKET DATA
CME Real-time Market Data helps identify trading set-ups and express market views better. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme .
DISCLAIMER
This case study is for educational purposes only and does not constitute investment recommendations or advice. Nor are they used to promote any specific products, or services.
Trading or investment ideas cited here are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management or trading under the market scenarios being discussed. Please read the FULL DISCLAIMER the link to which is provided in our profile description.
Bullish bounce off pullback support?The Cable (GBP/USD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 1.2501
1st Support: 1.2328
1st Resistance: 1.2858
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bitcoin crude oil3.3.25 Bitcoin had an incredible move lower and then quickly came back into the original range box... the take-home message on bitcoin is that it's trading in a Range and while it is not at the new high there's a reasonable chance that this Market will go higher from here. more has to happen before I would be bearish on bitcoin. I started talking about crude oil and I didn't finish... I would not be a buyer or a seller on crude and I'll clarify it on another video. I will also talk about gold and silver. I spent most of the time showing you pattern setups and reversal patterns and ABCD patterns and range boxes and that you trade range boxes to double if they go higher or they double and go lower and when you use that relationship the market typically takes you to the next level. I use a handful of tools and then I make my decisions and it's always about where the buyers and sellers are and something that I call to bar reversals. I always look at markets to decide if they are expanding or Contracting because those properties if you follow them will help you decide how far the market will move in your favor if you're long or short and they allow for you to have small stops and if you use the techniques you'll know what a realistic Target is as a buyer or a seller.. be patient with my style of delivery eventually you'll see the patterns and will decide if this is the way you want to trade but like any system you should get used to drawing the patterns and always be cognizant of whether a markets trending or ranging or is expanding or Contracting.
Bullish continuation?The Loonie (USD/CAD) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance that lines up wit the 61.8% Fibonacci retracement.
Pivot: 1.4348
1st Support: 1.4239
1st Resistance: 1.4537
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Gold short term recovery - downtrend⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) start the week on a strong footing, rebounding further from Friday’s three-week low near $2,833–2,832. Despite US inflation data aligning with expectations, traders remain confident that the Federal Reserve will implement two quarter-point rate cuts by year-end. Additionally, renewed selling pressure on the US Dollar supports the appeal of the non-yielding yellow metal.
⭐️Personal comments NOVA:
Gold price recovers in short term, sellers are dominating, retesting liquidity zone 2883
⭐️SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2832 - $2834 SL $2827
TP1: $2840
TP2: $2850
TP3: $2960
🔥 SELL GOLD zone: $2883 - $2885 SL $2890
TP1: $2875
TP2: $2868
TP3: $2860
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
BTCUSD CAN FALLTILL FIB RETRACEMENT 0.5 LEVEL AROUNF 87000..Hello Followers I am going to publish technical setup of BTCUSD, So share your opinion in comments about my analysis.
BTCUSD Is working close to the resistance area, the level of resistance area is 93680/94750. According to the current structure BTCUSD can fall from this resistance area. According to me BTCUSD will go for short from here till the 1st target around 90500 and 2nd target around 87000... Let me tell you that I have applied FIB RETRACEMENT also in which 87000 is near to 0.5 level of FIB RETRACEMENT.. I have also identified SHORT POSITION in the chart..
KEY POINTS:
ENTRY PRICE 93700
RESISTANCE AREA 93680/94750
TARGETS:
FIRST TARGET 90500
SECOND TARGET 87000
Bearish Trend Below Pivot Zone Amid Tariff UncertaintyUSNAS100 Analysis – March 4, 2025
📉 Bearish Momentum Holding Below Pivot Zone
The NASDAQ 100 (USNAS100) continues to exhibit bearish pressure, trading below 20,570, which now acts as a pivot zone. The price has stabilized near 20,502, suggesting a possible short-term correction toward 20,570 before resuming its downtrend.
Technical Outlook
🔻 Bearish Scenario: As long as USNAS100 remains below 20,570, the bearish momentum is expected to persist, with downside targets at 20,330 and 20,130. A 4H or 1H candle close below 20,330 would confirm further selling pressure, pushing the price toward 19,860 and 19,737.
📈 Bullish Reversal: If the price stabilizes above 20,570, a short-term recovery could lead to a retest of 20,870 and 20,990, signaling a potential shift in momentum.
📉 Correction Movement: The price is likely to retest 20,570 from 20,502 as part of a correction phase before resuming its decline.
⚠️ Market Impact: The tariff announcement on Canada and Mexico has intensified selling pressure. If the decision is reversed, a strong bullish reaction could occur, shifting market sentiment.
Key Levels to Watch
🔸 Resistance: 20,670 | 20,870 | 20,990
🔹 Pivot Zone: 20,570
🔻 Support: 20,330 | 20,130 | 19,860
📉 Directional Bias: Bearish below 20,570 – A confirmed breakdown below 20,330 would accelerate downside momentum.