4H Chart - Price Key Points:
- Failure at $7535.
- Double support at approx $7330.
- 20MA and 50MA sloping downwards.
- 100MA and 200MA providing current support.
- Indicators maintain positive divergences.
- Volume stable.
- Models hint that current action might be a bottoming one.
Possible Scenarios (adjusted) :
Long: On a confirmed break above $7529 – Price Target $7712 | Probability: 36% | Signal Strength: 3/5
Neutral: Price Range $7529 - $7330
Short: On a confirmed break below $7330 – Price Target $7156 | Probability: 31% | Signal Strength: 2/5
Our Stance: Interested in speculative longs.