Hey there,โ
โผIn the 4-hour timeframe, the price is currently trading around the $246 range. The scenario we can consider in the 4-hour timeframe is as follows: If the support zone at $242/ $240 is held, we may witness price growth toward the resistance levels at $248 and $250. ๐น
๐นTo better understand the continuation of the price movement, we need to observe how the price reacts to the resistance levels. If there is buying demand, there is a notable possibility of further price growth in the medium term towards the levels of $253 and $258, and it is possible to see a higher high above the $250 price range. However, if the price breaks below the $242 support level, we can consider corrective targets at , $237, and $233.๐น
โผ It is important for the positive trend to continue that the price consolidates above the $250 resistance level.โ
โ (DYOR)...โ ๏ธโ๏ธ
๐นJust keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.
๐ถWishing you successful trading and profitable opportunities! If you have any further questions or require additional assistance, feel free to ask.โ
๐นAnd if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you! ๐