Feeling unsure about this market? Here’s a clean read on the key levels that matter right now:
Key Levels to Watch:
5425.75 (Balance Point): Critical pivot. If price fails here, it could trigger a sharp liquidation drop toward the 5260s.
5561.25 (Sellers More Active Zone): Immediate test ahead. Acceptance above this level could fuel a bullish continuation.
5530.5 (Minor Resistance): Short-term sellers may try to defend here. Important zone for near-term momentum.
5261.5 (Minor Support / Liquidation Target): If the market breaks down, this is the major liquidation risk zone to watch.
5664.5 (Profile Target): If buyers stay aggressive above 5561.25, the next stretch target is up here.
Action Plan:
Stay bullish if price holds above 5561.25 and clears the 5530.5 resistance zone.
Major liquidation risk if price drops back below 5425.75 — with 72% of traders already long, the flush could come fast toward the 5260s.
Watch volume and acceptance above 5560s closely. If buyers can push and hold, continuation is likely.
Monitoring Checklist:
Monitor acceptance or rejection around 5561.25.
Stay cautious if the market rotates back below 5425.75.
Be ready for fast moves toward 5261.5 if liquidation triggers.
Keep an eye on the volume profile — poor structure underneath could invite retests lower if bullish drive fails.
✅ Bottom Line:
This is a bullish but fragile market right now. Buyers are pressing higher, but the crowd is extremely long.
If we break higher, momentum could explode.
If we fail at resistance, the drop could be swift.
Stay sharp. Stay flexible. Stay ready.
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Cleanest level to level insight I’ve read this weekend thanks dawwg!