🔎Current status
The pair is trading within a medium-term bullish structure but currently faces a significant resistance area above.

📍Where are we now?
The current price is lower than the orange marked supply area 🟧
This is the area where selling pressure has previously occurred.

📉 Preferred scene
✅ As long as the price remains below the supply area
We will look for sales opportunities at smaller intervals 🎯
There is a possibility that the price will return to the lower support area within the channel.

❌ A clear breakout of the supply zone could invalidate this situation and resume upward momentum.

Do sellers take control of the field again? 🤔

⚠️Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Trading involves risks and money management must be observed.

Tickmill – Accurate Trading~

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