🔹 Current Price Action (M30 & H1):
Price is stuck in a tight range between 3335–3345.
Volume is dropping — showing no strong pressure from either buyers or sellers.
%R indicator is in the oversold zone (below -80), but there’s no sharp bounce yet.
On H1, there's a weak attempt to recover — small candles with upper wicks = uncertain growth or selling pressure at highs.
🔍 Possible Scenarios for Today:
✅ Scenario #1: Fake Breakout Down, Then Reversal Up
If price holds above 3329–3331 and we see a strong bullish candle with volume, it might be worth trying a long.
🎯 Targets: 3348, then 3355
🛑 Stop-loss: below 3328
⛔ Scenario #2: Break Below 3328, Move Lower
If M30 or H1 closes confidently below 3328, that could signal a drop towards 3315–3305.
Look to short on the retest of the broken level.
🎯 Targets: 3316, then 3306
📌 Priority Right Now:
We're in balance — no clear bias.
But if we break and hold below 3328, shorts become more attractive.
If price breaks and holds above 3345, that opens up upside potential.
Price is stuck in a tight range between 3335–3345.
Volume is dropping — showing no strong pressure from either buyers or sellers.
%R indicator is in the oversold zone (below -80), but there’s no sharp bounce yet.
On H1, there's a weak attempt to recover — small candles with upper wicks = uncertain growth or selling pressure at highs.
🔍 Possible Scenarios for Today:
✅ Scenario #1: Fake Breakout Down, Then Reversal Up
If price holds above 3329–3331 and we see a strong bullish candle with volume, it might be worth trying a long.
🎯 Targets: 3348, then 3355
🛑 Stop-loss: below 3328
⛔ Scenario #2: Break Below 3328, Move Lower
If M30 or H1 closes confidently below 3328, that could signal a drop towards 3315–3305.
Look to short on the retest of the broken level.
🎯 Targets: 3316, then 3306
📌 Priority Right Now:
We're in balance — no clear bias.
But if we break and hold below 3328, shorts become more attractive.
If price breaks and holds above 3345, that opens up upside potential.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.