PM at a Major Decision Zone: Breakout or Drop to $140?

PM is currently retesting the 155–157 resistance zone, which previously acted as a major support area and now aligns with the 50-day SMA.
This makes the zone a critical decision point.

Bullish Scenario (If breakout occurs)
If price breaks and holds above 157–160:

Bullish Targets:
• $165
• $171
• $178

Bearish Scenario (More likely unless breakout confirmed)
If price gets rejected again:

Bearish Targets:
• $150
• $145
• $140 (key structural support)

Stop Loss
• Long: below $154
• Short: above $160.50