Choppy conditions require a disciplined approach, and this chart is currently stuck in a wide range. We saw a recent dip that was quickly bought up, showing demand at the lower bounds. Price is now trying to reclaim the mid-range, but the overhead supply is still present. I am looking for a continuation of this bounce off the recent higher low.
EP
$7.000 - $7.100
TP
$7.220
$7.350
$7.500
SL
$6.900
A sustained reclaim above $7.210 could attract fresh momentum and push the price toward the upper boundary of the range. A decisive breakdown below $6.950 would weaken the short-term structure and invalidate this setup.
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