Range Bound or Ready to Break? Analyzing the Compression Zone in
Timeframe: 1H
Tool: Target Trend , AlgoAlpha Order Flow
Price at Analysis: $94,216.41
🔍 Key Observations:
We’re currently witnessing a tight range-bound movement on the 1H chart, with price oscillating between two key levels:
Support Zone: ~$94,244
Resistance Zone: ~$95,449
This range has held for several candles now, with multiple rejection wicks near the top (indicated by red arrows) and consistent buying pressure at the bottom (blue arrows), indicating accumulation at support and distribution at resistance.
🔼 Net Buy Pressure is rising, as seen by the clustering of blue arrows at higher lows — a classic sign of bullish compression.
🔽 However, the red arrows at the top suggest whales or institutions are unloading positions at resistance, which could stall a breakout.
📌 Trade Ideas:
1. Breakout Play (Bullish Bias):
Wait for a confirmed breakout above $95,449–$95,666
Target: $96,247 – $97,000
Stop-loss: Below $95,200
2. Range Scalping:
Buy near support ($94,250), sell near resistance ($95,400)
Keep tight stop-losses as this range is maturing.
3. Breakdown Risk:
If price fails to hold above $94,244, we could see a swift move to $93,361 or lower, where next demand lies.
🔮 Final Thoughts:
We are in a classic compression phase, with buyers stepping in aggressively but sellers still defending resistance. A breakout is imminent — the question is: which side will blink first?
Until then, this is a range trader’s paradise — just keep an eye on volume spikes and momentum divergence.
🧠 Tip: Use alerts around $95,666 and $94,244 to avoid missing the move.
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