Price is grinding into resistance after an extended move higher. Structure looks stretched, with signs of supply absorbing upside momentum.
Entry: 101 – 106 SL: 117
Targets TP1: 96 TP2: 89 TP3: 80
Analysis: The recent advance appears more corrective than impulsive, with momentum beginning to stall near prior supply. Highs are being sold into rather than expanding with strong follow-through, indicating limited conviction from buyers at these levels. Price is struggling to break cleanly above resistance, suggesting distribution rather than accumulation. If this zone continues to reject price, rotation back toward lower liquidity levels becomes the higher probability scenario.