Price Hits Supply Zone : Sell Opportunity Ahead

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The price has recently reached a **supply area**, signaling a potential downturn. A sell opportunity is suggested at **$160** with a stop-loss (SL) set at **$161** and a target profit (TP) at **$100**.

This setup is based on the expectation that the price will face resistance in this supply zone and begin to decline.

Traders should exercise caution and closely monitor price action around the **supply area**. Confirmation of the downward trend could offer a strong short trade setup.

Conclusion & Advice :

As the price approaches the supply zone, selling at **$160** with a tight **SL of $161** is advised for short-term traders. Targeting **$100** could yield significant gains if the predicted price drop materializes. Always analyze your strategy and market sentiment before entering a trade.

Trade carefully, and keep an eye on the charts!