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Gold Analysis – Potential Pullback Within Ascending ChannelKey Observations: Current Price: $2,900.48 Recent High: $2,907.29 200 EMA (Red Line): $2,758.59 (Strong support level) Projection: Price may correct lower towards the channel’s lower boundary (~$2,875) Analysis: 📊 Short-Term Bearish: A pullback could happen before further upside if the trend holds. If price breaks below the channel, a deeper correction towards the 200 EMA might follow. 🔍 Trading Idea: Traders might look for buying opportunities at the lower trendline (~$2,875-$2,880) if price shows support.
OANDA:XAUUSDShort
by MrStellanSight
XAU/USD Bullish Breakout – Gold Eyes $2,928 & Beyond!🔥 XAU/USD Analysis – February 4, 2025 🔥 📈 Current Price: $2,842.18 (+0.98%) 📊 Trend: Bullish momentum inside an ascending channel 🔍 Key Levels to Watch: 🔵 Resistance: $2,928.75 – If this level breaks, expect further upside movement! 🚀 🔵 Support: $2,729.13 – Strong demand zone; watch for pullbacks. 🔴 EMA 200: $2,534.85 – Long-term bullish confirmation above this level! ✅ 📉 Possible Scenarios: ✅ Bullish Case: Price continues the uptrend, targeting $2,928.75 next. If broken, gold could see $3,000+ soon! 🎯🔥 ⚠️ Bearish Case: A rejection from resistance could lead to a pullback towards $2,800-$2,730. 💡 Final Thoughts: The bullish momentum is still strong, and dips could be buying opportunities! 📊👑 Watch for price action near key levels. 📢 Gold bulls, are you ready for new highs? 🚀💰
OANDA:XAUUSDLong
by MrStellanSight
3
PEPE/USD Bullish Breakout: Demand Zone Holds, Reversal in Sight?PEPE/USD has been gaining attention as it trades near a critical juncture. With the daily demand zone holding strong and signs of a downside channel reversal, the pair could be on the brink of a bullish breakout. In this analysis, we’ll break down the technical indicators and patterns that suggest PEPE/USD might be ready to reverse its downtrend. Daily Demand Zone Holding Firm One of the most significant factors supporting a potential bullish move is the respected daily demand zone. This area has provided strong support, acting as a floor for buyers to step in. A failure to break below this zone increases the probability of an upward momentum shift. Key Support Levels: Highlight exact price levels in the demand zone. Volume Analysis: Look for increased buying volume around these levels, which could signal accumulation by bullish traders. What to Watch For Before Confirmation While the technical signs are promising, traders should remain cautious. Key events to watch include: Breakout Above Resistance: Identify the breakout level for confirmation Retest of the Channel Top: Look for a retest and bounce as confirmation of strength. Market Sentiment and Volume: Monitor trading volume and broader market sentiment. Conclusion: A Bullish Opportunity? The combination of a respected daily demand zone and a downside channel reversal pattern makes PEPE/USD a pair to watch. A confirmed breakout could set the stage for a bullish run, providing traders with an exciting opportunity. As always, use risk management and stay updated with the latest price action.
Long
by theunscriptedacademy
Are You a Technical or Fundamental Trader? (And Why It Matters)Financial markets are a battleground of opposing forces: buyers vs. sellers, bulls vs. bears, diamond hands vs. paper hands. But one of the oldest rivalries in trading doesn’t involve price movements at all — it’s the ongoing feud between technical and fundamental traders. One side believes the charts hold all the secrets (you, maybe?), while the other insists that cold, hard data dictates market direction (you, maybe?). In this Idea, we break down the two and ask: which side are you on? 📈 The Chartists: The Lost Art of Tape Reading Technical traders are the wizards of the candlestick, seeing patterns where others see chaos. To them, a moving average isn’t just a squiggly line — it’s guidance. Fibonacci levels ? More sacred than grandma’s secret pie recipe. They don’t care if a company just launched the greatest product of the century — if the RSI says it’s overbought, they’re out. Technical analysis thrives on one simple principle: price action reflects all available information and hints at the next possible move. Instead of diving into earnings reports or economic data — the fundamental traders’ bread and butter — technical traders study past price movements, volume, and momentum indicators to predict the next leg up or down. They’re the ones glued to their TradingView charts, eyes darting between support and resistance levels, waiting for the perfect breakout. 💸 The Fundamentalists: Betting on Real-World Events Fundamental traders scoff at the idea that lines on a chart can predict the future. Instead, they dig into earnings reports , economic calendars , and all sorts of reports and data. They believe markets, like everything else in life, move based on value, supply and demand, and macroeconomic forces—not just on price action. To them, a stock isn’t just a ticker symbol; it’s a business with revenues, expenses, and growth prospects. If they’re trading forex , they’re looking at interest rates USINTR and inflation reports USCPI , not head-and-shoulders patterns. The goal? To determine an asset’s intrinsic value and bet on it going up or down, ideally running ahead of the pack. If a company’s earnings are strong, like Spotify’s SPOT latest earnings figures , they buy—regardless of what a stochastic oscillator says. And vice versa, if a company’s earnings are weak, like Google parent Alphabet’s GOOGL latest showing , they sell. 👉👈 Who’s Right? Both, depending on who you ask. Technical traders argue that prices move in patterns, and those patterns repeat. Fundamental traders counter that real-world events drive prices, and charts are just a delayed reflection of reality. The truth may actually be somewhere in the middle — markets are a mix of both. Even the most die-hard fundamentalist will glance at a chart before making a trade, and many technical traders keep an eye on economic calendars to avoid being blindsided by major news. 💡 Why It Matters Your trading style affects everything: the markets you trade, the tools you use, and even your level of stress. If you’re a fundamentals-first trader trying to scalp five-minute charts, you’re in a world of pain. Conversely, if you’re a technical trader attempting to hold trades for years without considering financial data, you might miss obvious warning signs. Understanding your own tendencies can help refine your strategy and improve your results. Are you more comfortable crunching numbers and reading financial statements? You might be in the same boat with other cash-flow guys like Warren Buffett and Ray Dalio. Do you prefer spotting patterns and reacting to price action? Say hello to your billionaire buddies Paul Tudor Jones and Stanley Druckenmiller. 💚 Final Thoughts Bottom line, trading isn’t about proving one method superior — it’s about making the right decisions, and, let’s be frank, turning a profit. Whether you’re a chart junkie or an earnings aficionado, what matters most is having a strategy that works for you. So now the big question… which side are you on? Fundamental analysis or technical analysis? Comment below and let’s see who’s who!
BITSTAMP:BTCUSDEducation
by TradingView
33
Gold (XAU/USD) 4H: Bullish with Possible Pullback?Gold (XAU/USD) 4H Chart Analysis: Bullish Trend with Possible Pullback Key Observations: 1. Price Action & Trend: The price is currently trading around $2,817.685. The trend appears bullish, with a strong upward move. There is a marked internal liquidity (Int. LQ) taken, indicating that liquidity has been absorbed, which could lead to further upside. A market structure break (MB filled) suggests past resistance turned into support. 2. Technical Indicators: Exponential Moving Average (EMA 200, red line) is at $2,709.123, which is significantly below the current price. This suggests that gold is in a strong uptrend. Relative Strength Index (RSI, 14 close) is at 68.56, nearing the overbought zone (70) but still has room for potential upside. 3. Projected Movement: The chart suggests a potential pullback (small consolidation) before further upward movement. Fair volume ranges (marked in red) indicate levels where price may slow down or consolidate before continuation. Price is above key liquidity levels, which may act as support. Conclusion: The trend remains bullish, and the price could continue rising after a minor consolidation. Key levels to watch: Support: Around $2,800 (former liquidity level). Resistance: Next potential target is $2,840 - $2,860. Risk Consideration: RSI is approaching overbought levels, so a short-term correction could occur before another push higher.
OANDA:XAUUSDLong
by MrStellanSight
Swedbank Just Did Something It Hasn't Done in 18 Years!Hi all, A few weeks ago, at the Estonian finance conference, I pointed out that Swedbank needs a Monthly candle close above a historically significant level to confirm further upside into "open waters". Before I dive deeper - if someone still claims that "price has no history" or "price doesn't repeat itself," just show them Swedbank’s chart. Back in 2007, Swedbank attempted to break the 215–228 SEK level for the first time. The result? A complete failure. Sellers took control and smashed the price down. Fast forward 7–10 years: “Let’s try again a few more times!” Still nothing. The level remained unbreakable, draining all momentum. Over the past 18 years, this zone has been tested 7–9 times, and every single attempt ended in failure. Now, today, things are changed. Today, we have that Monthly close, and the price has now entered a potential buying zone. Technically, Swedbank is ready - optimal zone 215 to 237 SEK! Do your homework; this is just my opinion and my analysis! Do not forget to "Boost" the idea - all the best, Vaido
OMXSTO:SWED_ALong
by VaidoVeek
5
Bitcoin (BTC/USDT) 4H Analysis: Critical Support Test –(caption)🚀 Bitcoin (BTC/USDT) 4H Chart Analysis (Feb 2, 2025) 📊 🔍 Key Observations: 1️⃣ Strong Support Zone (Red Box) 🛑 BTC is currently testing the $98,000 - $99,000 support zone. This level has previously acted as a demand area, meaning buyers might step in. 2️⃣ 200 EMA (Exponential Moving Average) Resistance (Red Line) 📉 The 200 EMA at $100,718 is acting as dynamic resistance. A break and close above this level would indicate bullish strength. 3️⃣ Key Resistance Levels 🚧 $100,718 (200 EMA Resistance) $102,884 (Major Horizontal Resistance) If price breaks these levels, next targets: $104,000 - $106,000. 4️⃣ Key Support Levels 🛠️ $98,000 - $99,000 (Current Demand Zone) $90,000 - $89,184 (Next Major Support Below) 📈 Possible BTC Price Scenarios: ✅ Bullish Case (Price Bounces from Support) 🟢 If BTC holds above $98,000 - $99,000, a move toward $102,884 and higher is possible. Breaking above $102,884 could trigger a rally toward $104,000 - $106,000. Watch for volume increase & bullish candlestick confirmation. ❌ Bearish Case (Break Below Support) 🔴 If BTC breaks below $98,000, we could see a drop to $90,000 - $89,184. A break below $90,000 could lead to further downside toward $88,000. Watch for strong selling pressure & breakdown candle. 📊 Final Thoughts: BTC at a Critical Level! 🚨 Decision Point: BTC is at a key support level—will bulls step in, or will bears take control? 🔹 For Bulls: Need to reclaim $100,700+ for bullish continuation. 🔹 For Bears: Losing $98,000 could open the door for a drop toward $90,000. 👀 Keep an eye on price action & volume for the next big move! 🔥 What’s your bias? Bullish 🚀 or Bearish 📉? Let’s discuss!
by MrStellanSight
BTC/USDT 4H Analysis: Bearish Breakdown or Rebound?📉 Bitcoin (BTC/USDT) 4H Chart Analysis 🔴 Overview: Bitcoin is trading at $101,847 (-0.22%) on the 4-hour timeframe. The price is moving within a descending wedge/pennant pattern. Key EMA (200): Currently at $100,781, acting as dynamic support. 📌 Key Levels & Analysis: Resistance Zone (~$102,000 - $103,000): Price is struggling to break above this level. Support Zone (~$97,500 - $98,500): A key demand zone where buyers may step in. ⚠️ Potential Scenarios: Bearish Breakdown ⬇️ If BTC loses the $100,800 EMA support, a drop towards $98,000-$97,500 is likely. The marked arrow suggests this bearish move. Bullish Rebound ⬆️ If BTC holds above EMA 200 and reclaims $102,000, a breakout towards $104,000-$106,000 could follow. 🧐 Final Thoughts: Short-term trend: Bearish bias unless price reclaims resistance. Watch for a break below $100,800 for further downside. RSI & Volume Confirmation Needed for stronger signals.
Short
by MrStellanSight
12
Ethereum (ETH/USDT) at Critical Support – Breakout or Breakdown?📉 Ethereum (ETH/USDT) 4H Chart Analysis 🔴 Current Price: $3,220.06 (-0.95%) 📊 Indicators & Patterns: Downtrend Resistance: A descending trendline is acting as resistance. Support Zone: The red highlighted area (~$3,220) is a key support level. 200 EMA: At $3,320, acting as resistance. 🔮 Possible Scenarios 1️⃣ Bullish Case 🚀: If ETH holds the support and breaks the descending trendline ($3,320), it could test higher levels around $3,400 - $3,500. 2️⃣ Bearish Case 📉: A breakdown below the support ($3,220) could trigger a fall towards $3,100 or even $3,000. 🎯 Key Levels to Watch Resistance: $3,320 (EMA 200), $3,400 (Trendline) Support: $3,220 (Zone), $3,100 (Next Major Support) ⏳ Conclusion ETH is at a critical decision point. A bounce could lead to a breakout, but failure to hold could trigger more downside. Watch for a reaction around $3,220! 🚦
by MrStellanSight
USDCAD Bullish Flag Breakout and Uptrend PotentialUSDCAD is currently trading at 1.45200, showing a bullish outlook. The expected target price is 1.48590, indicating a potential gain of 300+ pips. A bullish flag pattern has already broken out, confirming strong upward momentum. This breakout suggests that buyers are in control and may push the price higher. The price action aligns with technical analysis, supporting a continued uptrend. Traders anticipate further bullish movement toward the target. Proper risk management is essential to navigate any pullbacks. Monitoring key resistance levels and market conditions is crucial. A sustained rally above the breakout zone can strengthen bullish confidence. Patience and discipline will be key in managing this trade effectively.
Long
by AndrewsMarket-Mastery
1
NAS100USD Bullish Reversal: Gap Fill & Upside Target in Focus📢 Title: NAS100USD Bullish Reversal: Gap Fill & Upside Target in Focus 🚀 📊 Current Price Action: The latest price is 21,490.1 📈, showing a +0.29% gain (+62.3 points) ✅. The 200 EMA (Exponential Moving Average) 📊 is at 21,365.2, suggesting the price is slightly above this key moving average. 📌 Key Levels & Market Structure: 🔻 BOS (Break of Structure): Indicates a bearish structure break before the current recovery. 📉 GAP: There is a visible gap in the price action, which often acts as a magnet for price movements. 💰 Liquidity & Internal Liquidity (Int. LQ): Suggests areas where institutional interest may have been present. 📈 Trend & Potential Direction: The price recently bounced off the 200 EMA 🔄, indicating possible bullish momentum 📈. The ⬆️ arrow projection suggests a bullish outlook, targeting the gap fill and potentially moving higher towards 21,800 - 22,000. If price holds above 21,365, the bullish thesis remains valid ✅. 🏆 Conclusion: 🐂 Bullish Bias: Price is recovering from a break of structure (BOS) and pushing higher towards unfilled gaps 📊. 📍 Key Levels to Watch: 🛑 Support: 21,365 (200 EMA) – If it breaks below, downside risk increases ⚠️. 🚧 Resistance: 21,600 (gap area) – Price might struggle before breaking through 🚀. 💡 Trade Idea: A 📈 long position targeting 21,800+, with a stop loss below 21,365 🔥.
OANDA:NAS100USD
by MrStellanSight
EUR/GBP Bearish Momentum – Eyes on Support Zone!📊 EUR/GBP Daily Chart Analysis (28th Jan 2025) 🔹 Overview: Pair: EUR/GBP Current Price: 0.83855 📉 (-0.10%) Key Indicators: 200 EMA (Red Line): 0.84129 (Price is below the EMA, indicating bearish sentiment) Resistance Zone (🟠 Orange Box): ~0.84200 - 0.84400 Support Zone (🟢 Green Box): ~0.83200 - 0.83400 🔻 Bearish Outlook: Price recently rejected the resistance zone and started declining. It is now trading below the 200 EMA, suggesting potential further downside. Next Target: The support zone (~0.83200 - 0.83400) is likely the next major level. 📉 Possible Scenarios: 1️⃣ Bearish Continuation ⬇️ If the price maintains momentum, it may head toward the support zone (~0.83200). A break below support could trigger further downside. 2️⃣ Bullish Rebound 🔄 If the price finds strong buying interest at support, a rebound toward the resistance (~0.84200) is possible. A breakout above 200 EMA could shift momentum back to bullish. 🎯 Trading Considerations: Short Opportunity: Below 0.83800, targeting 0.83400. Long Opportunity: If support holds around 0.83200, aiming for a move back to resistance. Breakout Watch: A move above 0.84200 could trigger bullish momentum. 🔥 Conclusion: Currently, the trend is bearish, and price action suggests further downside toward the support zone. Keep an eye on price behavior around 0.83400 for potential reactions.
by MrStellanSight
AUD/JPY At a Breaking Point – Big Move Loading!AUD/JPY is sitting at a crucial level right now. We're seeing a descending triangle pattern forming, with price getting squeezed between lower highs and key support around the 200 EMA (94.64). A breakdown below this level could trigger a sharp drop, with targets around 90 and possibly 85-87 in the coming weeks. The bearish momentum is building, and today's red candle isn't looking too promising for bulls. On the flip side, if buyers step in and push it back above 97.50, we might see a recovery towards the 100 level. But for now, the bias leans bearish unless we get a strong reversal signal. Keep an eye on that 94 level – a breakdown could mean more downside ahead. 🔻
by MrStellanSight
Gold (XAU/USD) Reverses from Resistance – Is a Sell-Off UnderwayGold (XAU/USD) Hits Resistance and Faces Reversal – Is the Sell-Off Beginning? Gold surged to test the upper boundary of its ascending channel, touching key resistance. However, bullish momentum seems to be fading as sellers step in, pushing prices lower. This could signal the start of a pullback, potentially targeting mid-channel support or even the 200 EMA. If buyers fail to reclaim control, we may see a deeper correction. Eyes are now on the next key support levels—will gold find strength, or is a larger sell-off underway?
OANDA:XAUUSDShort
by MrStellanSight
XAU/USD 4H Analysis: Bullish Momentum Towards $2,780?📊 XAU/USD 4H Chart Analysis – Bullish Momentum 🚀💰 📌 Key Observations: 🔹 Current Price: $2,754.16 (+0.19%) 🔹 Support Zone: $2,740 - $2,750 (Previous resistance turned support ✅) 🔹 Resistance Zone: $2,780 (Next potential target 🎯) 🔹 200 EMA: $2,687.43 (Price is above = Bullish signal 📈) 🔹 Breakout Confirmation: Price has broken past a key level and might retest before moving higher 🔄📊 📉 Potential Scenarios: ✅ Bullish Case: If price holds above $2,750, we could see a rally towards $2,780+ 🚀 ❌ Bearish Case: If price drops below $2,740, we might see a correction back to $2,720 ⚠️ 🔥 Conclusion: Gold is showing strong bullish momentum and may continue its uptrend towards $2,780+ if it sustains above the breakout level! Keep an eye on support at $2,750 for confirmation. 👀💎 Would you like further indicators or a different timeframe analysis? ⏳📊
OANDA:XAUUSD
by MrStellanSight
2
UPS at a Make-or-Break Zone – Will Buyers Step In?Hi you all, United Parcel Service (UPS) has recently entered a potential buying zone. In its latest earnings report, the company announced a reduction in business with Amazon by more than 50% by the second half of 2026, aiming to focus on more profitable ventures. Despite a slight revenue miss, UPS beat profit expectations for the fourth quarter. From a technical perspective, several factors suggest a potential buying opportunity, so do your homework. If fundamentals will align then you should be ready... - Trendline: The stock is approaching a long-term trendline, third touch. - 50% Retracement: UPS has retraced approximately 50% from its all-time high. - Previous Yearly Highs as Support: Former resistance levels from previous years are now acting as support, indicating potential liquidity. - Psychological Support at $100: The round number of $100 serves as a psychological barrier, potentially providing additional support. Do your homework because this is just half of the story: technical analysis. From my side, this is inside a potential area, but do fundamentals support it? Good luck, Vaido
NYSE:UPSLong
by VaidoVeek
XAU/USD: Potential Reaction at Supply Zone*On the 4H timeframe, XAU/USD has shown a clear CHoCH (Change of Character), with the previous Higher Low (HL) being broken, taking out Buy-Side Liquidity near the highs. Price is now trading within a supply zone, aligning with bearish order flow. On the 30M timeframe (see chart): • A CHoCH has been identified within the supply area, signaling a potential shift in direction. • Price looking to clear the inducement (IDM) before tapping into the zone, strengthening the likelihood of a sell-off. • I’m anticipating a reaction and continuation to the downside, targeting lower liquidity levels around $2,730.500. Key Points: • Bearish Bias from the 4H Supply Zone. • Liquidity grab + CHoCH on the 30M confirms bearish intent. • Targeting the lows near $2,730.500 for a high-probability trade setup. Trade Idea: Wait for confirmation within the 30M supply zone (e.g., a lower timeframe entry such as a CHoCH or breaker structure). Maintain discipline and proper risk management. What do you think about this setup? Drop your thoughts below! Bless Trading!
OANDA:XAUUSDShort
by Juicemannn
EUR/JPY 4H Chart Analysis – Gap Fill Incoming?EUR/JPY 4H Chart Analysis 🏆📊 🚀 Current Price: 162.308 📍 200 EMA: 162.099 (Dynamic Support) 🔥 Key Levels & Insights: 🟥 Major Support Zone (Red Area - 162.000) ✅ Price recently bounced off this level, showing strong buying pressure. ✅ If price holds above 162.000, a bullish continuation is likely. 📈 Gap Zone (Orange - 163.000 - 163.500) 🔍 There’s a price imbalance above, meaning price could be drawn towards it. 🔼 Gaps act as magnets! A move up to fill the gap is likely. 📊 200 EMA (162.099) - Crucial Level 🚦 Price is hovering above the 200 EMA. If it remains above, we can expect further bullish momentum. 🔮 Price Prediction & Trade Idea 📌 If price breaks and holds above 162.500, expect a 🚀 move towards 163.500. 📌 Rejection from 163.500 could bring a pullback 📉 back to 162.500. 🚨 Risk Alert: 🔻 If price drops below 162.000, bears might take control, pushing it to 161.500 or lower. 💡 Final Thoughts: 👉 Bulls 🐂 need to break 162.500 to push towards 163.500. 👉 Bears 🐻 will gain control if price loses 162.000. 🔥 Verdict: ✅ Bullish Bias if price stays above 162.000. 🚀 Target: 163.500 (Gap Fill). 🔻 Invalidation: Below 162.000.
by MrStellanSight
Bitcoin (BTC/USDT) Symmetrical Triangle Analysis: Next move?Bitcoin (BTC/USDT) 4H Chart Analysis Key Observations: 1. Symmetrical Triangle Pattern: The chart shows a symmetrical triangle formation, characterized by converging trendlines. This pattern typically signals a breakout, but the direction (up or down) depends on market momentum. 2. Current Price Action: BTC is trading around $102,979.98 at the time of the chart. It is above the 200 EMA ($100,003.64), indicating bullish strength. The price recently bounced off support and is moving towards resistance. 3. Support and Resistance Levels: Support: Around $97,785.55 (blue line). Resistance: Around $109,636.60 (blue line). 4. Potential Scenarios: Bullish Breakout: If BTC breaks above the upper trendline, it may rally towards $109,636.60 or higher. A confirmed breakout could push BTC to $112,500+. Bearish Breakdown: If BTC rejects at resistance and breaks downward, it could retest the $100,000 level or lower. A breakdown could target $97,785.55 or even $95,000. Final Thoughts: Watch for a breakout or breakdown from the triangle pattern. Volume is crucial—a high-volume breakout confirms strength, while low volume can indicate a fakeout. If BTC stays above $100,000 (200 EMA support), the bullish bias remains intact.
by MrStellanSight
1
BoC Rate Decision. Is the path for USDCAD is further up?With the upcoming BoC and Fed rate decisions, we are wondering, what may happen with FX_IDC:USDCAD pair? CAD has been on a sharp decline and continues to devaluate further. Let's dig in and see what might be the near-term outcome. MARKETSCOM:USDCAD RISK DISCLAIMER 74.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
AUD/USD Resistance Rejection and Bearish OutlookAUD/USD represents the Australian Dollar against the US Dollar in the forex market. The current price is 0.62300, with a target price of 0.60000, indicating a bearish outlook. The expected price drop suggests a potential gain of 200+ pips if the trade moves as anticipated. The analysis is based on the support and resistance pattern, a key concept in technical trading. The price has reached a strong resistance level and is facing rejection, signaling selling pressure. A rejection at resistance often indicates a shift in momentum, leading to a possible downward move. Traders anticipate the price to decline toward the next support level at 0.60000. This setup suggests bearish dominance as long as resistance holds. If the price fails to break above resistance, further downside movement is likely. Proper risk management is crucial, as market conditions can change.
Short
by AndrewsMarket-Mastery