๐ Price at Key Decision Zone! We are seeing a **triangle formation**, indicating a potential breakout soon. Based on SMC concepts, we have two possible scenarios:
๐ **Case 1 (Red Path - Bullish Fakeout & Sell-off)** - Price may **break above resistance** into the supply zone (169-172) - This could be a **liquidity grab**, trapping buyers before a sharp rejection - A **sell-off** follows, targeting **144-148**
๐ **Case 2 (Blue Path - Immediate Breakdown)** - Price fails to break resistance and **rejects instantly** - A strong breakout to the downside confirms a bearish move - Targeting the **144-148 demand zone**
๐ก **Question for Traders:** - Will we see a **bullish trap before a crash** or a **direct breakdown**? - Are you **selling from resistance** or waiting for confirmation?
๐ฅ **Comment below your views & trade setups!** ๐
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.