🚨 Market Breakdown - CME Gap, Contracting Triangle & Key Zones in Play! 🚨
The price action is heating up as we approach a Heavy Resistance Zone near 1273000.00. This level aligns with a CME Gap and the upper boundary of a Contracting Triangle — a classic setup for potential rejection or breakout!
🔺 Resistance Zone Alert:
CME Gap + Contracting Triangle = Strong overhead pressure
Zone: 1273000.00
Potential for sharp rejection or explosive breakout
📉 Short-term Bearish Bias (Damulettow Short i Season Lavers):
Bears may look to defend this level heavily
Watch for fakeouts and wick traps
🛡️ Support Zones to Watch:
Cumulative Long Liquidation Level:
102,900.00 — high interest zone where leveraged longs might get flushed
Primary Demand Support Zone:
101,700.00 - 100,000.00 — strong historical buy zone, may act as a bounce point
🎯 Strategy Outlook:
Short near resistance if rejection confirmed
Long entries possible near 101,700 if strong support holds
Eyes on volume spikes and liquidation events for real-time signals
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