2H Chart - Price Key Points:
- Failure at approx $6098.
- Waterfall reaction down to approx $5818.
- Below 20MA and 50MA.
- Testing 200MA lower Bollinger Band.
- Indicators in line with price.
- Volume mixed.
- Models hint to a possibility of another leg down.
Possible Scenarios:
Long: On a confirmed break above $5982 – Price Target $6150 | Probability: 31% | Signal Strength: 2/5
Neutral: Price Range $5817 - $5982
Short: On a confirmed break below $5817 – Price Target $5626 | Probability: 37% | Signal Strength: 4/5
Our Stance: Protecting short positions.