Major Support Test After Downtrend | Key Levels to Watch
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The market is currently testing a major historical support zone around 1800β1900 after forming a clear lower-high bearish structure over the past months.
Looking at the higher timeframe, price has been respecting several key levels where strong reactions previously occurred. This makes the current area a critical decision zone for the next major move.
Key LevelsResistance Zones
β’ 2600 β 2700
β’ 3300 β 3400
β’ 4000 β 4200
β’ 4800 β 5000Support Zones
β’ 1800 β 1900 (Current level)
β’ 1500 β 1600
β’ 1200 β 1300
Bearish ScenarioIf price breaks below the 1800 support, the next downside targets could be 1600 and potentially 1300.
Bullish ScenarioIf buyers defend this level, we may see a relief bounce toward 2600β2700 resistance.
οΈ Always wait for confirmation and manage risk.