🚨📉 Bearish Market Structure and analysis 🧐
Several Break of Structure (BOS) points indicate a strong downward trend, showing that the price has been consistently breaking lower, signaling more downside.
🛑 Supply Zone as Resistance
The highlighted supply zone acts as a resistance area. This is a potential price ceiling where sellers are likely to re-enter the market, pushing the price down further.
💡 Demand Zone as Support
The demand zone (green area) shows where buying pressure is expected. This is a crucial support level that could trigger a price reversal once the market reaches this level.
📉 Bearish Momentum Continues
A visible down arrow confirms the bearish momentum. The price is expected to drop towards the demand zone unless it hits the invalidation level first.
🚨 Key Levels to Watch
• Target Demand Zone: 57,500 USDT
• Invalidation Level: 64,203 USDT (If the price breaks above, the bearish outlook might change)
🔔 Trading Signal: Expect further downward movement, targeting 57,500 USDT, but watch closely for reactions at 64,203 USDT for a possible trend reversal.
⚠️ Disclaimer: DYOR and NFA.
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