đšđ Bearish Market Structure and analysis đ§
Several Break of Structure (BOS) points indicate a strong downward trend, showing that the price has been consistently breaking lower, signaling more downside.
đ Supply Zone as Resistance
The highlighted supply zone acts as a resistance area. This is a potential price ceiling where sellers are likely to re-enter the market, pushing the price down further.
đĄ Demand Zone as Support
The demand zone (green area) shows where buying pressure is expected. This is a crucial support level that could trigger a price reversal once the market reaches this level.
đ Bearish Momentum Continues
A visible down arrow confirms the bearish momentum. The price is expected to drop towards the demand zone unless it hits the invalidation level first.
đš Key Levels to Watch
âą Target Demand Zone: 57,500 USDT
âą Invalidation Level: 64,203 USDT (If the price breaks above, the bearish outlook might change)
đ Trading Signal: Expect further downward movement, targeting 57,500 USDT, but watch closely for reactions at 64,203 USDT for a possible trend reversal.
â ïž Disclaimer: DYOR and NFA.
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