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Thanks for your response. Is it not possible for new resistance levels to form in between 8.6k and 9.4k? Are they permanent? Sorry, I'm pretty new to this so I want to compare TAs and speculations from other people. I am not a trader. Even if I'll trade, I know I shouldn't be relying on a single person nor my own analysis. Thanks for the heads up.

We have to watch the level 8.6 K carefully

  • Keepsing stability below 8600.00 resistance will move the price down to 6.8K
  • Breaching 8600.00 level and hold above it, will confirm again the bull run towards 9300.00 level.

Thank you for the insights @lordoftruth! Hopefully I get as good as you in studying the trends of the market. :)