What the chart shows
Price has returned to a past support zone near the $280–$295 range. This is where the bulls once stood tall, and may again.
Volume rises with the fall—a sign that many took action, either fleeing or stepping in.
The short yellow trail (likely a moving average) bends downward, still showing weakness.
A long wick below tells of rejection—buyers defended the land below.
Trade Idea – Long Position (if confirmed):
If price holds above the $280–$285 support zone and forms a base, it may rise again like the morning sun.
Entry: Above $295 with confirmation (green candle, volume spike, or bullish structure).
Stop: Below $280—beneath the land where support failed.
Target👉 1: $315 — a safe return.
Target👉 2: $330 — reclaiming the higher grounds.
Alternate Idea – Short Position:
If price breaks and closes below $280 with strength, it signals deeper pain.
Entry: Below $280 on strong red candle.
Stop: Above $295.
Target: $260 and possibly $240 — the next valleys below.
Note:
Wait for the signs—let the candle speak. Don't rush like the wind in storm. Trade with patience, as the elders watched the horizon before the hunt.
