📊 Summary:
From the chart, bearish momentum remains strong, but price is currently consolidating within the 3987–4006 range. While price stays inside this range, the preferred approach is to sell near resistance and buy near support.
A break and hold above 4006 would shift the strategy to buying pullbacks where support holds. Conversely, a break below 3987 would confirm renewed bearish momentum, making selling pullbacks where resistance holds the preferred approach.
🔍 Key Levels to Watch:
• 4033 – Resistance
• 4020 – Resistance
• 4006 – Resistance
• 3987 – Support
• 3970–3973 – Support
• 3960 – Support
📈 Intraday Strategy:
SELL: If price breaks below 3987 → target 3982, with further downside toward 3979, 3973, 3970
BUY: If price holds above 4006 → target 4010, with further upside toward 4014, 4018, 4020
If you find this helpful or traded using this plan, a like would mean a lot and keep me motivated. Thanks for the support!
From the chart, bearish momentum remains strong, but price is currently consolidating within the 3987–4006 range. While price stays inside this range, the preferred approach is to sell near resistance and buy near support.
A break and hold above 4006 would shift the strategy to buying pullbacks where support holds. Conversely, a break below 3987 would confirm renewed bearish momentum, making selling pullbacks where resistance holds the preferred approach.
🔍 Key Levels to Watch:
• 4033 – Resistance
• 4020 – Resistance
• 4006 – Resistance
• 3987 – Support
• 3970–3973 – Support
• 3960 – Support
📈 Intraday Strategy:
SELL: If price breaks below 3987 → target 3982, with further downside toward 3979, 3973, 3970
BUY: If price holds above 4006 → target 4010, with further upside toward 4014, 4018, 4020
If you find this helpful or traded using this plan, a like would mean a lot and keep me motivated. Thanks for the support!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.