1️⃣ Bullish Bounce Scenario (Most Likely)
If price holds at $49.50 (38.2% support):
✔ Buy Zone
🎯 Target 1: $51.30
🎯 Target 2: $53.75 (previous high)
🎯 Target 3: $55+ (Fibonacci extension)
This scenario aligns with trend continuation.
2️⃣ Bearish Correction Scenario
If price breaks below $49.50:
Price may drop to $47.90 (50% retracement)
Strongest reversal from $46.30 (61.8% Golden Ratio)
This level often creates a powerful upside movement.
🟢 Preferred Trading Zones
Buy Zone 1: $49.50
Stop Loss: $48.80
Targets: $51.30 → $52.80 → $53.70
Buy Zone 2 (Golden Ratio): $46.30
Stop Loss: $45.40
Targets: $49 → $51 → $53
If price holds at $49.50 (38.2% support):
✔ Buy Zone
🎯 Target 1: $51.30
🎯 Target 2: $53.75 (previous high)
🎯 Target 3: $55+ (Fibonacci extension)
This scenario aligns with trend continuation.
2️⃣ Bearish Correction Scenario
If price breaks below $49.50:
Price may drop to $47.90 (50% retracement)
Strongest reversal from $46.30 (61.8% Golden Ratio)
This level often creates a powerful upside movement.
🟢 Preferred Trading Zones
Buy Zone 1: $49.50
Stop Loss: $48.80
Targets: $51.30 → $52.80 → $53.70
Buy Zone 2 (Golden Ratio): $46.30
Stop Loss: $45.40
Targets: $49 → $51 → $53
Trade active
Running Trade IN Profit Boom 
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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.
Related publications
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.