4H Chart - Price Key Points:
- Rejection area at approx $7732.
- Fair support at approx $7532.
- Indicators in a possible bottoming process.
- Volume low but positive on average.
- Another leg down is possible.
- Signals hint that a lower low might be in the cards.
Possible Scenarios:
Long: On a confirmed break above $7680 – Price Target $7880 | Probability: 30% | Signal Strength: 2/5
Neutral: Price Range $7487 - $7680
Short: On a confirmed break below $7487 – Price Target $7273 | Probability: 36% | Signal Strength: 3/5
Our Stance: Protecting shorts.