Price is currently testing the 40,770 🔼 resistance zone after a strong bullish push. This level has previously acted as a key ceiling and could determine the next directional move. Price has been climbing steadily with higher lows, indicating bullish momentum.
Support at: 40,194 🔽, 39,070 🔽, 36,800 🔽
Resistance at: 40,770 🔼, 41,552 🔼, 42,540 🔼
Bias:
🔼 Bullish: A clean breakout and hold above 40,770 could open the path to 41,552 and 42,540.
🔽 Bearish: Rejection at 40,770 or a drop below 40,194 could signal weakness and send price back to 39,070.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Support at: 40,194 🔽, 39,070 🔽, 36,800 🔽
Resistance at: 40,770 🔼, 41,552 🔼, 42,540 🔼
Bias:
🔼 Bullish: A clean breakout and hold above 40,770 could open the path to 41,552 and 42,540.
🔽 Bearish: Rejection at 40,770 or a drop below 40,194 could signal weakness and send price back to 39,070.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
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