4H Chart - Price Key Points:
- Strong rejection at approx $7112.
- 50MA might crossed under 200MA.
- Indicators do not confirm selloff, still maintain positive divergences.
- Negative volume increased.
- Hanging from a thread, further declines might prove severe.
Possible Scenarios:
Long: On a confirmed break above $6769 – Price Target $6886 | Probability: 31% | Signal Strength: 2/5
Neutral: Price Range $6769 - $6668
Short: On a confirmed break below $6668 – Price Target $6535 | Probability: 39% | Signal Strength: 4/5
Our Stance: Neutral.