Daily analysis of price movement according to price gaps and support and resistance levels
🔹 According to the daily bias analysis, the market was expected to experience an upward movement, which has indeed occurred. Now, after breaking the PDH with a full body, there is a strong opportunity for the upward momentum to continue until reaching $107,680, where there is a price gap on the hourly frame at that point.
🔹 Looking at the hourly frame, it is clear that the price is moving in an upward trend after breaking the market structure (BOS) and the presence of strong demand zones that support the continuation of the upward movement. The main resistance to watch currently is $106,500, where prices may face some corrections or pullbacks before continuing to rise towards the price gap.
🔹 Traders can monitor MACD and RSI signals to ensure the strength of the upward momentum and to know if there is potential weakness in the movement before reaching the levels of $107,680.
🎯 Key points to follow: ✅ Breaking the PDH confirms the continuation of the upward momentum. ✅ Monitoring price behavior at $106,500 as a potential resistance. ✅ Following the price gap at $107,680 as a price target. ✅ Analyzing MACD and RSI momentum indicators to ensure the continuity of the upward trend.
✍️ This analysis relies on price gaps and expected price behavior according to the SMC strategy and MSS levels to ensure the accuracy of predictions and analyze sensitive points in the market.
Good luck ☠️