4H Chart - Price Key Points (expired/delayed snap):
- Selloff initiated at approx $6621.
- Double follow through at aprrox $6578 and $6457 respectively.
- Indicators attempting to find a bottom.
- Stochastic RSI extremely over extended.
- Selling volume decreasing.
- Make it or break it situation.
Possible Scenarios:
Long: On a confirmed break above $6441 – Price Target $6571 | Probability: 35% | Signal Strength: 3/5
Neutral: Price Range $6331 - $6441
Short: On a confirmed break below $6331 – Price Target $6195 | Probability: 37% | Signal Strength: 4/5
Our Stance: Maintain interest in tight speculative long entries.