๐จ Market Update - ๐
The monthly open level we spoke about yesterday proved to be a strong level, after multiple tests we finally got a move towards the previous week high. This level (previous week high) is a strong resistance zone where we should be watching closely. Any close above here and we could be in for a lower time frame breakout.
If we close above, I would expect the next resistance zone to be in the $108k area. Itโs important to keep an eye on the Middle East conflict as any escalations there could lead to a quick sell off.
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