Price once again failed at the opening level of 2019K5(, leading to a decisive drop back to the 90K zone.

Last week’s candlestick left a very long lower wick, indicating that liquidity is concentrated on the downside. This imbalance increases the likelihood that the price will rebound to the equilibrium level, with a scenario where the price could return at least 50% of that candlestick’s wick length in the coming week.

The 87.6K – 87.2K zone, coinciding with the weekly low, stands out as the main downside target in the current context.

This area is also considered as the next profit-taking zone for the medium-term bearish trend formed from the 94.2K region.

Shorts from the above area, please note ⚠️
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