Intel (INTC) is currently pulling back toward a major support confluence after its recent bullish rally. 📉
Price is now retesting a key decision zone, formed by the intersection of:
• The $100 round number.
• The previous daily low marked in blue.
📌 As long as this confluence holds as support, we will be looking for trend-following long setups, anticipating a continuation of the broader bullish trend.
However, if sellers manage to break this support decisively, bearish pressure would likely increase, exposing the next major demand zone around $70 marked in red.
As always, rather than buying blindly into support, we will wait for bullish confirmation before considering any long positions.
Will buyers defend the $100 support zone and resume the uptrend? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Price is now retesting a key decision zone, formed by the intersection of:
• The $100 round number.
• The previous daily low marked in blue.
📌 As long as this confluence holds as support, we will be looking for trend-following long setups, anticipating a continuation of the broader bullish trend.
However, if sellers manage to break this support decisively, bearish pressure would likely increase, exposing the next major demand zone around $70 marked in red.
As always, rather than buying blindly into support, we will wait for bullish confirmation before considering any long positions.
Will buyers defend the $100 support zone and resume the uptrend? 🤔
⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
📚 Stick to your trading plan regarding entries, risk, and management.
Good luck! 🍀
All Strategies Are Good; If Managed Properly!
~Richard Nasr
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t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
theSignalyst.com
Telegram
t.me/thesignalyst
Trusted Crypto Exchange
cutt.ly/qtwKuPaJ
Trusted CFD Broker
cutt.ly/TickmillReal
Trusted Crypto Prop Firm
cutt.ly/Hyrotrader
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.