BAY has been consolidating around this level for the past three weeks. This area stands out as a key zone to watch, especially considering the recent shift in weekly structure — the previous week closed bearish, while the current week opened bullish, yet price remains range-bound.
From a market structure perspective, this kind of consolidation often precedes a directional move, making it an interesting setup to monitor rather than chase. How price reacts around this zone will likely provide clearer confirmation for continuation or rejection.
For traders already active in the market, this can be viewed as an opportunity to observe risk management, patience, and timing during consolidation phases.
This is not financial advice — just a personal market observation.
