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Market next move

66
⚠️ Disruption of the Bullish Silver Setup:


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1. Misleading Support-Resistance Interpretation

The resistance zone highlighted is flat and overlapping with multiple wicks.

The support zone is not well-established; it's only tested once or twice with weak bounce reaction, which is not enough to consider it strong support.



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2. Lack of Bullish Confirmation

The price is currently hovering around the support with no breakout candle or strong bullish engulfing pattern.

The recent candlesticks near resistance are small-bodied with long wicks, suggesting indecision or weakening buying power, not strength.



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3. Volume Disagreement

There's no surge in bullish volume that would confirm buyers stepping in.

The large red volume bars toward the right indicate selling pressure dominating, which contradicts the bullish target.

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