Most of the price drop of nearly 100% was due to profit taking when the price reached the psychological level of 2430$, almost completing the 3rd Elliot wave and preparing for a correction, the drop to 2303$ -2252$ saw Sharks buy new. at a relatively cheap price.
From Saturday to Sunday, the next armed conflict between Iran and Israel is developing, which in general could have quite a strong influence on commodity prices and futures.
On H1, the price is falling to trend support and is testing the liquidity zone of $2330 and at worst $2252.
In all likelihood, the market may open with a gap on Monday amid the crisis in the Middle East.
The area below $2328 is likely to remain defended and play an important role in price formation.
🟢Watch to BUY at 2321 - 2319 and 2252 - 2250 when the market shows signs to enter an order. (Breakout Points 2328, 2303)
🔴 Pay attention to SELL scores 2382 - 2384 and 2428 - 2430 (Important area 2400)