If price can sustain above the $440–$445 demand zone, a breakout above $470 could confirm bullish continuation toward $520–$540, aligning with the next liquidity pool. This area could attract profit-taking or a short-term retracement before further upside extension.
However, if the price fails to clear the $470–$490 resistance and forms a rejection candle, sellers may attempt to push price back into the previous consolidation range. A clean break below $430 would invalidate the bullish structure, potentially exposing downside toward $400.
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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.
