I’ve been watching TOTAL closely, and we’re currently sitting right inside a pullback zone between $2.9T and $3.12T — a critical psychological area to monitor.
✅ On the 2-month chart, structure still holds strong. Price action remains bullish overall, with higher lows continuing to form. This zone looks like a healthy pullback rather than a breakdown.
⚠️ However, when we scale up to the 12-month chart, momentum appears to be slowing down. This doesn’t mean we’re bearish just yet, but it does mean we need to be cautious and patient. With 6 months left before the yearly candle closes, that close will be crucial in determining if TOTAL is ready to break new highs above $3.73T (previous high) or consolidate further.
📌 Key Levels to Watch:
Support zone: $2.90T to $3.12T
Resistance/Retest target: $3.73T
Psychological floor: $2.65T
Until we close above that previous high, we remain in a waiting zone. If this structure holds, the next leg could be explosive — but patience and precision are key. 🧠📈
✅ On the 2-month chart, structure still holds strong. Price action remains bullish overall, with higher lows continuing to form. This zone looks like a healthy pullback rather than a breakdown.
⚠️ However, when we scale up to the 12-month chart, momentum appears to be slowing down. This doesn’t mean we’re bearish just yet, but it does mean we need to be cautious and patient. With 6 months left before the yearly candle closes, that close will be crucial in determining if TOTAL is ready to break new highs above $3.73T (previous high) or consolidate further.
📌 Key Levels to Watch:
Support zone: $2.90T to $3.12T
Resistance/Retest target: $3.73T
Psychological floor: $2.65T
Until we close above that previous high, we remain in a waiting zone. If this structure holds, the next leg could be explosive — but patience and precision are key. 🧠📈
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