Short Term: There is a chance of a rebound to the 8,400 – 8,600 area if the 7,800 support holds.
Medium Term: As long as the price has not broken through and remains above 9,000, the trend is still likely to decline.
Important Levels:
Support: 7,800 – 7,600
Resistance: 8,600, then 9,600 – 10,000
Strategy
Aggressive traders: Can try to enter near support (7,800 – 8,000) with a target of 8,400 – 8,600, stop loss below 7,600.
Conservative traders: Wait for the price to break through and stay above 9,000 to confirm a reversal.
Medium Term: As long as the price has not broken through and remains above 9,000, the trend is still likely to decline.
Important Levels:
Support: 7,800 – 7,600
Resistance: 8,600, then 9,600 – 10,000
Strategy
Aggressive traders: Can try to enter near support (7,800 – 8,000) with a target of 8,400 – 8,600, stop loss below 7,600.
Conservative traders: Wait for the price to break through and stay above 9,000 to confirm a reversal.
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.