2H Chart - Price Key Points:
- Attempting to form a base around $6150.
- Buying attempt not confident yet.
- Testing 20MA support for the past 4HRs.
- Volume reduced dramatically as expected after the recent strong down move.
- Indicators slightly positive
- Models hint to a possible retest of recent lows.
Possible Scenarios (adjusted) :
Long: On a confirmed break above $6275 – Price Target $6441 | Probability: 30% | Signal Strength: 2/5
Neutral: Price Range $6113 - $6275
Short: On a confirmed break below $6113 – Price Target $5944 | Probability: 35% | Signal Strength: 3/5
Our Stance: Out of speculative longs. Neutral.