🔍 Key Levels & Market Structure Analysis
The Primary Resistance Block ($1,810 – $1,822):
This pink-shaded area is acting as major institutional supply. The previous session saw a sharp push up into this block that was immediately met with a violent engulfing sell-off candle, trapping late breakout buyers.
Immediate Local Rejection ($1,803.39):
The current 4-hour candle is consolidating below the key black pivot line ($1,810.33). Printing an indecisive or lower-high candle here establishes a clean local distribution ceiling.
The Target Demand Floor ($1,750 – $1,758):
This blue horizontal block is your ultimate take-profit destination. It marks the high-volume breakdown area from July 8th and the launchpad level from July 10th, making it the most logical structural magnet for a mean-reversion drop.