Support at 2576, Resistance at 2613: Watch for a Bearish Move
Trading Analysis
Today, I have identified support at 2576 and resistance at 2613. My target for today is 2590, with a secondary target at 2583. If the price touches 2609, it will confirm that the price is likely to move lower.
Key Points:
Support at 2576: This is a critical level where the price is expected to find buying interest. If the market stays above this level, the price could potentially rebound.
Resistance at 2613: This is the upper level where the price may face selling pressure. If the price breaks above this resistance, it could signal a bullish move towards higher levels.
Primary Target at 2590: This is the first level where I am looking for price to reach today. It's within the range between support and resistance, and I expect some price action here.
Secondary Target at 2583: This is another target level where I am expecting the price to potentially head towards if the market weakens after hitting 2590.
Critical Level at 2609: If the price reaches or touches 2609, it would serve as a confirmation that the price is likely to move lower and break the range, suggesting a downward move towards support.
This analysis implies that if the price stays below 2613, there could be a downward move towards your targets. Watch the 2609 level closely as it may act as a key turning point.
Today, I have identified support at 2576 and resistance at 2613. My target for today is 2590, with a secondary target at 2583. If the price touches 2609, it will confirm that the price is likely to move lower.
Key Points:
Support at 2576: This is a critical level where the price is expected to find buying interest. If the market stays above this level, the price could potentially rebound.
Resistance at 2613: This is the upper level where the price may face selling pressure. If the price breaks above this resistance, it could signal a bullish move towards higher levels.
Primary Target at 2590: This is the first level where I am looking for price to reach today. It's within the range between support and resistance, and I expect some price action here.
Secondary Target at 2583: This is another target level where I am expecting the price to potentially head towards if the market weakens after hitting 2590.
Critical Level at 2609: If the price reaches or touches 2609, it would serve as a confirmation that the price is likely to move lower and break the range, suggesting a downward move towards support.
This analysis implies that if the price stays below 2613, there could be a downward move towards your targets. Watch the 2609 level closely as it may act as a key turning point.
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