Current price (~752 $) is around the middle of the channel (Fib 0.5). There’s pressure from the upper boundary.
Entry points:
750–755 $ (aggressive, with retracement risk)
Above 780 $ (confirmed breakout, targets 800–858 $)
Around 720 $ (defensive entry on rebound)
Targets: 800 → 858 → 900 $
Stop-loss: below 680 $.
With positive GLP-1 news (Zepbound, Mounjaro, new projects), an upside breakout looks the most likely scenario.
Trade active
All eyes on the price — so far everything suggests the target might be reached earlier than expectedTrade closed: target reached
The goal has been reached — hype has defeated patience.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.
