Price is currently consolidating between a well-defined resistance zone (~0.193–0.195) and support zone (~0.187–0.189). A Change of Character (ChoCH) has been observed, indicating potential shift in short-term momentum.
Scenario 1 – Bullish Breakout:
If price breaks and closes above the resistance zone, expect bullish continuation towards the upper target area (~0.210–0.220). Look for retests of the breakout level for confirmation before entering long positions.
Scenario 2 – Bearish Breakdown:
If price rejects resistance and breaks below support, it may retest the weak low before moving towards the lower target zone (~0.150–0.160). Confirmation with volume and candle structure is recommended.
Market Sentiment:
Currently neutral to slightly bearish as price trades below resistance and shows reduced momentum. Traders should wait for a clear breakout or breakdown before taking positions.
Key Levels to Watch:
• Resistance: 0.193–0.195
• Support: 0.187–0.189
• Bullish Target: 0.210–0.220
• Bearish Target: 0.150–0.160
Scenario 1 – Bullish Breakout:
If price breaks and closes above the resistance zone, expect bullish continuation towards the upper target area (~0.210–0.220). Look for retests of the breakout level for confirmation before entering long positions.
Scenario 2 – Bearish Breakdown:
If price rejects resistance and breaks below support, it may retest the weak low before moving towards the lower target zone (~0.150–0.160). Confirmation with volume and candle structure is recommended.
Market Sentiment:
Currently neutral to slightly bearish as price trades below resistance and shows reduced momentum. Traders should wait for a clear breakout or breakdown before taking positions.
Key Levels to Watch:
• Resistance: 0.193–0.195
• Support: 0.187–0.189
• Bullish Target: 0.210–0.220
• Bearish Target: 0.150–0.160
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.