4H Chart - Price Key Points:
- Downtrend follow through from approx $8403.
- Continuation from approx $8311.
- Under 50MA for the past 28HRs.
- Momentum negative.
- Stochastic RSI attempting to find a bottom.
- Possibilities of visiting 200MA lower bollinger band at approx $7949.
Possible Scenarios:
Long: On a confirmed break above $8279 – Price Target $8463 | Probability: 34% | Signal Strength: 3/5
Neutral: Price Range $8096 - $8279
Short: On a confirmed break below $8096 – Price Target $7924 | Probability: 32% | Signal Strength: 2/5
Our Stance: Maintain short approach.