Honaut: Strong Daily Demand Zone & 44,000 Weekly Support

Honaut is currently trading entering a strong daily demand zone between 44,275 and 43,060, which could offer significant support if price stays within this range. Additionally, we observe a key weekly support line at 44,000 (also aligns with a psychological level). This makes it an even more significant area for potential price action.

Key Levels:
Daily Demand Zone: 44,275 and 43,060


Weekly resistance turned support Line: 44,000 (previous resistance now acting as support)


If the price remains within the demand zone, this could be an ideal area for potential reversals, especially with the added confluence of the 44,000 psychological level. Watch for price action confirmation and the possibility of an uptrend continuation or reversal as the price approaches this zone.