The price is currently trading below the 2934, a critical support level that could serve as a foundation for further bullish movement. If buyers manage to sustain this level, it will strengthen the potential for the price to push toward the next target at 2975.
However, the possibility of a temporary retracement remains, with 2907 acting as a key area where the price might revisit before continuing its upward trajectory. This level aligns with the previous structure and could provide a strong demand zone, allowing buyers to regain control.
The market structure remains bullish, characterized by consistent higher highs and higher lows, indicating that momentum is still intact. As long as buyers defend the 2934 region and prevent a deeper decline, the uptrend remains valid, with the potential for further gains.
Tendency Keys: 2939 Resistance Line 2939, 2975 Support Line: 2907, 2880, 2859
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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.