Based on current price action, it appears that may be entering a bearish channel, indicating a potential downward trend. This channel could manifest in two primary retracement zones:
Zone 1: Between 51 and 47,550
Zone 2: Between 42,240 and 41
Market Volatility: Remember that market conditions can change rapidly, and this analysis is based on current price action and technical indicators. Always conduct your own research and exercise caution when making trading decisions.
Individual Risk Tolerance: Trading involves inherent risks, and strategies should align with individual risk tolerance levels.
This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research and consult with a financial advisor before making any trading decisions.
I would be happy to give your opinion
Zone 1: Between 51 and 47,550
Zone 2: Between 42,240 and 41
Market Volatility: Remember that market conditions can change rapidly, and this analysis is based on current price action and technical indicators. Always conduct your own research and exercise caution when making trading decisions.
Individual Risk Tolerance: Trading involves inherent risks, and strategies should align with individual risk tolerance levels.
This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research and consult with a financial advisor before making any trading decisions.
I would be happy to give your opinion