2H Chart - Price Key Points:
- 200MA proved strong resistance.
- Rejection at approx $7660.
- 2nd leg down at approx $7617 (continuation).
- Under 20MA and 50MA.
- 100MA provides support for the past 8HRs.
- Average temp support at approx $7491.
- Models signal a possible temp pause.
Possible Scenarios:
Long: On a confirmed break above $7544 – Price Target $7659 | Probability: 35% | Signal Strength: 3/5
Neutral: Price Range $7457 - $7544
Short: On a confirmed break below $7457 – Price Target $7334 | Probability: 39% | Signal Strength: 4/5
Our Stance: Might consider speculative longs.