1. Successful Retest (Bullish Confirmation):
If price touches the breakout level (~25,440) and bounces back up, it confirms strong support.
This is a buying opportunity for traders.
Entry: Near the support level (25,440).
Stop Loss: Just below the support (e.g., 25,400).
Target: Next resistance levels like 25,520 or higher.
❌ 2. Failed Retest (False Breakout):
If price breaks back below 25,440, it can be a false breakout.
Price might re-enter the sideways range or even go into a downtrend.
Traders should avoid long trades or may even consider short positions if it falls below 25,292 (support zone).
📊 What to Watch Now:
Price behavior near 25,440.
Volume: Low volume = weak retest; Strong bounce with volume = bullish.
Candle patterns: Bullish reversal candles (e.g., hammer, bullish engulfing) near 25,440 can confirm upside.
If price touches the breakout level (~25,440) and bounces back up, it confirms strong support.
This is a buying opportunity for traders.
Entry: Near the support level (25,440).
Stop Loss: Just below the support (e.g., 25,400).
Target: Next resistance levels like 25,520 or higher.
❌ 2. Failed Retest (False Breakout):
If price breaks back below 25,440, it can be a false breakout.
Price might re-enter the sideways range or even go into a downtrend.
Traders should avoid long trades or may even consider short positions if it falls below 25,292 (support zone).
📊 What to Watch Now:
Price behavior near 25,440.
Volume: Low volume = weak retest; Strong bounce with volume = bullish.
Candle patterns: Bullish reversal candles (e.g., hammer, bullish engulfing) near 25,440 can confirm upside.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.