US30 Rebounds from Key Support – Bulls Eyeing New Highs

16 Mac

Key Support & Trendline Confluence:

The price recently bounced off the long-term ascending trendline, which has been a strong support level since late 2023.
The 38.2% Fibonacci retracement level ($40,205) provided additional confluence for a potential reversal.
Resistance Levels & Breakout Potential:

Immediate Resistance: $42,000 – A break above this level could confirm a bullish continuation.
Major Target: $45,065 – If momentum sustains, this all-time high could be tested soon.
Bullish Scenario:

A successful breakout above $42,000 could lead to an accelerated move toward $45,065 and beyond.
The trendline’s support indicates that bulls remain in control, and the recent rebound suggests renewed buying interest.
Risk Management & Confirmation:

Bullish confirmation: Sustained price action above $41,500 with strong volume.
Invalidation level: A breakdown below $40,000 could indicate a potential trend reversal.
Conclusion & Strategy:
Short-Term: Monitor price action around $42,000 for breakout confirmation.
Mid-Term: Expect a bullish move toward $45,000+ if the trendline holds.
Long-Term: If price breaks all-time highs, further upside potential is possible.
🚀 Bullish Confirmation Above $42,000 | ⚠️ Caution Below $40,000

26 Mac

Nota

US30 buy trade progressing as analyzed! +210 pips in profit. Chart highlights potential for further gains. Keep following for more updates.