An analysis is presented using elements of smart money concepts (Break of Structure, CHoCH, EQH/Equal Highs, Demand Zones). Here is a brief overview:
Current situation:
- The price reached around $343, testing the "Weak High."
➡️ Bullish scenario: holding the $345–360 area with subsequent accumulation and a breakout upwards — continuation of the uptrend.
➡️ Correction: a pullback to the $320 zone, accumulation, and growth — a positive signal. A break below $240 and consolidation under the "Strong Low" will lead to a drop to $180–200.
✅ Key support levels remain at $345, $320, and $315. The structure still shows signs of a bullish trend, but weakness above $480 and consolidation below $340 will open the way to a deep decline.
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