Market Structure
⢠Price is in an ascending channel (higher lows, higher highs).
⢠Currently, we are in the middle of the channel, after a rejection from above.
⸝
đ Price Action
⢠90,500â90,800 â strong resistance (upper zone + previous rejections).
⢠The last upward impulse has been reversed, but without breaking the structure.
⢠Retracement candles are relatively short â no aggressive supply.
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𧹠Key Levels
Resistance:
⢠90,500 â local high / reactions
⢠91,600 â upper band of the channel (target at breakout)
Support:
⢠88,650 â key mid-support (very important decision level)
⢠87,400 â lower band of the channel (must hold for bulls)
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đ RSI Stochastic
⢠RSI Stochastic in the oversold zone (<20)
⢠This is a signal for a potential bounce, but:
⢠candle confirmation needed (e.g., bullish engulfing / higher low)
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đ§ Scenarios
đ˘ Baseline Scenario (more likely)
⢠Defense at 88,600
⢠Rebound up the channel
⢠Test at 90,500
⢠On breakout â 91 600
đ Typical buy-the-dip setup
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đ´ Negative scenario
⢠1H close below 88,600
⢠Quick move to 87,400
⢠Loss of 87,400 = structure changes to corrective...
