- Main demand area (Demand Zone):
between 3960 – 3970 dollars
This area is located at the base of two double trend lines (Double Trend Line) and is considered very strong support.
- Expected target in case the support is respected:
Strong rise towards 4100 – 4200 dollars
(which corresponds to a potential profit of 130 to 240 points from within the area).
- General direction of the plan:
Bullish provided that the price remains above the 3960–3970 area and does not break the trend lines downwards.
- Trade invalidation level:
Breaking the zone of 3960–3970 and the downward trend line with a strong daily or 4-hour closing candle.
#### The expected scenario:
Buy on price rebound from the 3960–3970 zone with confirmation (such as a reversal candle or closing above 3980), and set the first target at 4100 and the second at 4200.