$S is showing some interesting price action on the 15m chart today. ๐
Looking at the volume profile, there has been a noticeable increase as the price approaches this upper resistance zone. However, it is currently consolidating right below the line.
Key levels I am observing:
๐ฏ Resistance zone โ 0.06692
๐ก๏ธ Support zone โ 0.05478
$S
๐ก Quick Tip: Waiting for a confirmed candle close above a resistance zone is usually a safer approach than trying to predict a breakout before it happens. Volume confirmation is key.
What is your take on this setup? Do you think the resistance will hold, or are we going to see a breakout? Let me know your thoughts below! ๐
NFA | DYOR
Looking at the volume profile, there has been a noticeable increase as the price approaches this upper resistance zone. However, it is currently consolidating right below the line.
Key levels I am observing:
๐ฏ Resistance zone โ 0.06692
๐ก๏ธ Support zone โ 0.05478
$S
๐ก Quick Tip: Waiting for a confirmed candle close above a resistance zone is usually a safer approach than trying to predict a breakout before it happens. Volume confirmation is key.
What is your take on this setup? Do you think the resistance will hold, or are we going to see a breakout? Let me know your thoughts below! ๐
NFA | DYOR