Hello Everyone
📉 Current Market Overview
Price: $3,333.90
Trend: Uptrend with loss of bullish momentum, forming a distribution range after a strong rally since March.
Structure: Currently ranging between $3,305 – $3,365.
Volatility: Compressing, suggesting a possible breakout move soon.
🔍 Key Technical Zones
Major Support: $3,300 –$3,305 Last strong rejection point, forming a floor
Resistance: $3,360 – $3,370 Recent tops & strong rejections
Trendline Support: Rising from March lows - Still respected
Breakdown Risk: Below $3,300 Could trigger a drop to $3,250–$3,220
🧭 Expected Scenarios for Next Week
✅ Scenario 1: Bullish Breakout
Trigger: Clean close above $3,370 on daily
Target: $3,400 → $3,435
Stop Loss: Below $3,310
Reason: Break of resistance + continuation of higher lows
⚠️ Scenario 2: Bearish Breakdown
Trigger: Break and daily close below $3,300
Target: $3,250 → $3,220
Reason: Structure failure, potential range breakdown
🔄 Scenario 3: Continuation of Range
Likely if price stays between $3,305 – $3,365
Could be accumulation before next breakout
🧠 Smart Plan
Monday-Tuesday: Wait for breakout confirmation.
Midweek*: Trade breakout in the direction of impulse with stop outside of range.
Friday: Lock in profits—avoid weekend gap risk.
Good Luck
https://www.tradingview.com/x/1VXlF1iA/
📉 Current Market Overview
Price: $3,333.90
Trend: Uptrend with loss of bullish momentum, forming a distribution range after a strong rally since March.
Structure: Currently ranging between $3,305 – $3,365.
Volatility: Compressing, suggesting a possible breakout move soon.
🔍 Key Technical Zones
Major Support: $3,300 –$3,305 Last strong rejection point, forming a floor
Resistance: $3,360 – $3,370 Recent tops & strong rejections
Trendline Support: Rising from March lows - Still respected
Breakdown Risk: Below $3,300 Could trigger a drop to $3,250–$3,220
🧭 Expected Scenarios for Next Week
✅ Scenario 1: Bullish Breakout
Trigger: Clean close above $3,370 on daily
Target: $3,400 → $3,435
Stop Loss: Below $3,310
Reason: Break of resistance + continuation of higher lows
⚠️ Scenario 2: Bearish Breakdown
Trigger: Break and daily close below $3,300
Target: $3,250 → $3,220
Reason: Structure failure, potential range breakdown
🔄 Scenario 3: Continuation of Range
Likely if price stays between $3,305 – $3,365
Could be accumulation before next breakout
🧠 Smart Plan
Monday-Tuesday: Wait for breakout confirmation.
Midweek*: Trade breakout in the direction of impulse with stop outside of range.
Friday: Lock in profits—avoid weekend gap risk.
Good Luck
https://www.tradingview.com/x/1VXlF1iA/
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.