Currently, price action on the 30-minute chart is showing signs of weakness as it hovers near a key support level at around 3310. The chart has been respecting an ascending trendline, but now we see price attempting to break below this trendline 📉.
🔸 Resistance Zone: 3326
🔸 Support Zone: 3309
🔸 Bearish Target Area: 3275–3280 region
🔸Bullish Target Area : 3400
🚨 If the price breaks below the support and the ascending trendline is invalidated, we may see further downside movement, with a potential target near the 3280 zone, which aligns with a previous demand area.
🛑 Watch for confirmation (bearish engulfing candle or retest rejection) before entering a short position.
💡 Bias: Bearish below 3310
📌 Next Key Support: 3245
Let me know your thoughts in the comments! 💬
📊 Trade safe and always manage your risk! 🛡️
🔸 Resistance Zone: 3326
🔸 Support Zone: 3309
🔸 Bearish Target Area: 3275–3280 region
🔸Bullish Target Area : 3400
🚨 If the price breaks below the support and the ascending trendline is invalidated, we may see further downside movement, with a potential target near the 3280 zone, which aligns with a previous demand area.
🛑 Watch for confirmation (bearish engulfing candle or retest rejection) before entering a short position.
💡 Bias: Bearish below 3310
📌 Next Key Support: 3245
Let me know your thoughts in the comments! 💬
📊 Trade safe and always manage your risk! 🛡️
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