### **Support & Resistance Zones** **Immediate Resistance:** - **2,799.91 - 2,800.00**: Current consolidation upper boundary (BUY level). A breakout here could target **2,820.00**, followed by **2,840.00** (swing high). - **2,820.00 - 2,840.00**: Major resistance zone. A break above 2,840 confirms bullish momentum.
**Immediate Support:** - **2,799.61 - 2,780.00**: Current price floor (SELL level). A drop below 2,780 may trigger a slide toward **2,760.00** and **2,740.00** (swing low). - **2,740.00**: Critical support; breach here signals bearish dominance.
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### **Liquidity Zones** - **Above 2,840.00**: Likely liquidity pool where stop losses from short positions cluster. A rally to this zone could trigger a short squeeze. - **Below 2,740.00**: Liquidity zone with stops from bullish traders. A breakdown here may accelerate selling.
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### **Order Blocks** - **Buy-Side Order Block (2,780.00 - 2,800.00)**: If price rebounds from this zone, it reflects institutional buying interest. Hold above 2,780.00 strengthens bullish bias. - **Sell-Side Order Block (2,820.00 - 2,840.00)**: A rejection here suggests heavy selling pressure. Watch for bearish reversals if price fails to close above 2,840.
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### **Trend Analysis** - **Short-Term Trend**: Neutral with slight bullish bias (price up 0.18%). Consolidation between 2,780–2,820 hints at indecision. - **Bullish Scenario**: Break and hold above 2,820.00 opens path to 2,840.00+. - **Bearish Scenario**: Failure to hold 2,780.00 may trigger a drop toward 2,740.00.
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### **Key Takeaways** 1. **Watch 2,800.00**: Immediate pivot zone. A close above/below dictates intraday direction. 2. **Liquidity Hunts**: Bulls need to absorb sells near 2,840.00; bears target 2,740.00 stops. 3. **Order Blocks Define Risk**: Trade reversals near 2,780.00 (support) or 2,820.00 (resistance).
*Stay agile—breakouts from this tight range will dictate momentum!*
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**Follow for updates as price approaches critical thresholds.** 🚀📉 *Disclaimer: This analysis is for educational purposes. Trade with risk management.*