New fresh demand zone was established yesterday

14 בדצמ׳ 2023

Yesterday marked the formation of a new, untouched demand zone. The price is likely to gravitate towards the overhead supply, indicating that this supply level might act as the next barrier to sustain the uptrend. The demand below presents an excellent opportunity for a buy position if the price retraces to this level. The supply above is the potential target and also an opportune level to consider for a sell position.