Trading Strategy for Next Week
Focus on the breakout at the 4195–4208 level. If the price stabilizes above 4208, the upward trend will likely continue toward 4227; stabilizing above 4227 would set the next targets at 4280–4300.
If the price faces resistance within the 4195–4208 range, it will test the 4170 level; stabilizing below 4170 would extend the downward trend toward 4140.
I lean towards shorting if resistance is encountered in the 4195–4227 range, targeting 4170–4140 on the downside. Do you think the price will rise or fall?
Focus on the breakout at the 4195–4208 level. If the price stabilizes above 4208, the upward trend will likely continue toward 4227; stabilizing above 4227 would set the next targets at 4280–4300.
If the price faces resistance within the 4195–4208 range, it will test the 4170 level; stabilizing below 4170 would extend the downward trend toward 4140.
I lean towards shorting if resistance is encountered in the 4195–4227 range, targeting 4170–4140 on the downside. Do you think the price will rise or fall?