Consolidation forming under heavy resistance after failing to reclaim the 608-634 range. Momentum is cooling, and volume is light—suggesting indecision. Price is currently holding above key support, but a breakdown here would open the door to lower liquidity.
Breakout risk is to the downside unless we see a strong reclaim above 605. Structure favors shorts until buyers step in with conviction.
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Consolidation forming under heavy resistance after failing to reclaim the 608-634 range. Momentum is cooling, and volume is light—suggesting indecision. Price is currently holding above key support, but a breakdown here would open the door to lower liquidity.
Breakout risk is to the downside unless we see a strong reclaim above 605. Structure favors shorts until buyers step in with conviction.
• Entry Zone: 594.0 - 598.0
• TP1: 583.0
• TP2: 577.8
• TP3: 570.0
• Stop-Loss: 608.7