As you can see, there are 2 scenarios in front of the price.
After touching the supply zone, the price had a bearish reaction, and we can expect a more bearish move.
Bullish scenario: Personally, I follow this scenario. We can define the demand zone on the chart that can push the price up. In this case, we can expect the price breaks the supply zone and reach higher levels that you can see on the chart.
Bearish scenario: Technically expectancy of the price action is follow this scenario. Since the price had a bearish reaction to the supply zone, we can expect more fall.
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🗓️25/02/2023
🔎 DYOR
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