A long directional market breakout occurred on the weekly chart, but the price rose without retracement. Currently, the price is within the Optimal Trading Zone of the recent highs and lows. At the same time, it is in the Order Block region that makes a market breakout on the monthly chart.
While the price was rising, it received its first reaction from OB, which performs MSB on the weekly chart. This level is also an indecision candle level and was able to reverse the price twice. This could be a sign that buyers may emerge once the price pulls back to this area.
From a long-term perspective, I believe a test of the 20K level is necessary for a healthy uptrend. However, given the volatility in financial markets, it is important to monitor and update market conditions.
While the price was rising, it received its first reaction from OB, which performs MSB on the weekly chart. This level is also an indecision candle level and was able to reverse the price twice. This could be a sign that buyers may emerge once the price pulls back to this area.
From a long-term perspective, I believe a test of the 20K level is necessary for a healthy uptrend. However, given the volatility in financial markets, it is important to monitor and update market conditions.