The Narrow Range That’s Keeping Traders on Edge💭#Netflix
Price is consolidating at $62.37 between support at the $60.50 EMA cluster and resistance at $64.20, with a secondary floor at $58.80 and supply overhead near $66.00. The 1-hour chart shows higher lows, yet the broader 4-hour bias remains mildly bearish as MACD histograms continue to shrink.
Buyers are watching the $60.50 zone for volume-supported defense; sellers favor trimming into $64.20 if momentum fails to expand. A decisive 4-hour close above $64.20 would be needed to shift the structure higher, otherwise the path of least resistance points back toward $58.80.
$NFLXB $NFLX $NFLX.US #CoinVahini #TechnicalAnalysis #StockTrading #PriceAction
Price is consolidating at $62.37 between support at the $60.50 EMA cluster and resistance at $64.20, with a secondary floor at $58.80 and supply overhead near $66.00. The 1-hour chart shows higher lows, yet the broader 4-hour bias remains mildly bearish as MACD histograms continue to shrink.
Buyers are watching the $60.50 zone for volume-supported defense; sellers favor trimming into $64.20 if momentum fails to expand. A decisive 4-hour close above $64.20 would be needed to shift the structure higher, otherwise the path of least resistance points back toward $58.80.
$NFLXB $NFLX $NFLX.US #CoinVahini #TechnicalAnalysis #StockTrading #PriceAction