support and resisstance

1. Resistance Retest at $2,894 - Decision Point
Price has reached the $2,894 resistance zone, where it's struggling to break higher.
This is a critical level—a breakout will confirm bullish momentum, while rejection could lead to a drop.
2. Symmetrical Triangle Breakout?
The previous symmetrical triangle was broken bearishly, leading to a strong drop.
Now, price has retested the broken trendline—this is a textbook "break & retest" scenario.
3. Possible Scenarios
✅ Bullish Breakout (If Price Closes Above $2,895)
📌 Entry: Buy above $2,900 (to confirm breakout).
🎯 Target 1: $2,910
🎯 Target 2: $2,920
🛑 Stop Loss: Below $2,885 (to avoid fakeouts).
Confirmation: A strong bullish candle closing above the trendline.
❌ Bearish Rejection (If Price Fails to Break Above $2,895)
📌 Entry: Sell below $2,890 after a rejection.
🎯 Target 1: $2,877 (support zone).
🎯 Target 2: $2,865 (lower support).
🛑 Stop Loss: Above $2,900.
Confirmation: A strong rejection candle (bearish engulfing, pin bar).