4H Chart - Price Key Points:
- 20MA still acting as resistance.
- Rejection at approx $7382.
- Continuation at approx $7239.
- Both RSI and Stochastic RSI paint slight positive divergences.
- MACD signalling a possible attempt lower.
- Current selling activity seems a bit "controlled".
Possible Scenarios:
Long: On a confirmed break above $7194 – Price Target $7358 | Probability: 35% | Signal Strength: 3/5
Neutral: Price Range $7075 - $7194
Short: On a confirmed break below $7075 – Price Target $6892 | Probability: 39% | Signal Strength: 4/5
Our Stance: Maintain short approach.