*MONTHLY FVG REJECTION = DUMP TO $1,382?*
This monthly chart is telling a bearish story 👇
*Key levels:*
- *Current*: $2,366.08
- *Monthly FVG*: $2,464.90 - $2,600.00 [Yellow Zone]
- *April 2025 Low*: $1,751.93 [Pink Box]
- *Next Target*: $1,382.87
*What happened:*
Price rallied into the *Monthly FVG + previous supply zone* at $2,464-$2,600 and got rejected hard. That pink arrow isn’t for nothing.
Classic SMC/ICT playbook:
1. *Impulse down* → left a Fair Value Gap
2. *Retest of FVG* → sellers defend it
3. *Continuation down* → target liquidity below
We bounced from the April 2025 monthly low at $1,751, but if $2,200 breaks, the path opens straight to $1,382. That’s another -41% from here.
*Bull invalidation*: Monthly close back above $2,600 and fill the FVG.
*Bear confirmation*: Lose $2,200 and we’re heading for the $1,382 liquidity pool.
This looks like a relief rally into resistance, not a reversal.
$SMC.US
#smc
This monthly chart is telling a bearish story 👇
*Key levels:*
- *Current*: $2,366.08
- *Monthly FVG*: $2,464.90 - $2,600.00 [Yellow Zone]
- *April 2025 Low*: $1,751.93 [Pink Box]
- *Next Target*: $1,382.87
*What happened:*
Price rallied into the *Monthly FVG + previous supply zone* at $2,464-$2,600 and got rejected hard. That pink arrow isn’t for nothing.
Classic SMC/ICT playbook:
1. *Impulse down* → left a Fair Value Gap
2. *Retest of FVG* → sellers defend it
3. *Continuation down* → target liquidity below
We bounced from the April 2025 monthly low at $1,751, but if $2,200 breaks, the path opens straight to $1,382. That’s another -41% from here.
*Bull invalidation*: Monthly close back above $2,600 and fill the FVG.
*Bear confirmation*: Lose $2,200 and we’re heading for the $1,382 liquidity pool.
This looks like a relief rally into resistance, not a reversal.
$SMC.US
#smc