Structure: On the 1D chart, price is recovering above EMA 20 ($197.4) but still testing EMA 50 ($202.6). 4H bias remains mildly bullish — price trades above EMA 20 / 50 / 200 with early trend signals from ADX > 22. RSI shows healthy momentum (≈ 58 on 4H), and ATR expansion confirms rising volatility. Volume (OBV) is stabilizing while CMF turns positive → early buying flow returning.
Key Levels: 🔹 Resistance Zone: $203.5 – $205 🔹 Support Zone: $197.8 – $195 🔹 Next Major Target Area: $213 – $224 (if breakout holds)
What I’m Watching: A clean 4-hour candle close above $204 with rising volume and momentum confirmation could open space for continuation. Until then, remaining patient — no rush entries.
Market Bias: Neutral-Bullish Momentum Phase: Early recovery, not yet full trend Volatility: Expanding
🧭 Personal note: Patience remains my edge. Waiting for structure to confirm is still better than guessing the break.