Price is around 89.6k, right on the edge of a thin LVN band. This isn’t a high-volume acceptance zone, so there’s no real stability — price is basically floating in an imbalance pocket, and volatility can snap either way.
If we hold above the 89k-88k, we could see a rotation back toward 95–97k to rebalance into the upper LVN.
But if 88k gives out, a quick drop toward 87.5–86.5k is likely. This would be your ideal long sweep zone.
Note: LVNs rarely act as strong support. When they break, the move usually accelerates. The downside magnet becomes the 87–86.5k HVN base — the ideal sweep zone for longs.
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Content in partnership with:
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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.
