🎯 Trading Plan:
Scenario 1 (Bullish Continuation):
Buy or hold as long as price holds above VWAP
Target move toward $3,000 –$3,430 (resistance zone)
If breakout above $3,430 — watch for acceleration
Scenario 2 (Rejection at Resistance):
Wait for confirmation of rejection (e.g., weekly SFP or bearish engulfing) in $3,000 –$3,430 zone
Consider short/hedge if rejection is confirmed, targeting a move back toward $2,600–$2,222
Invalidation:
Structure turns bearish only if price closes below $2,222
🔔 Triggers & Confirmations:
Uptrend intact as long as price is above VWAP
Confirmation required for shorts: look for SFP or clear reversal pattern at resistance
📝 Order Placement & Management:
🔼 Buy/Hold: While price is above $2,222
🛡️ Stop: Close below $2,222 (monthly close)
🎯 Targets: $3,150 → $3,430
🔻 Short/Hedge (optional): On confirmed weekly rejection at resistance
🎯 Short Target: $2,600–$2,222
🚨 Risk Warning:
Main structure is bullish; any shorts are strictly countertrend and require strong confirmation
Scenario 1 (Bullish Continuation):
Buy or hold as long as price holds above VWAP
Target move toward $3,000 –$3,430 (resistance zone)
If breakout above $3,430 — watch for acceleration
Scenario 2 (Rejection at Resistance):
Wait for confirmation of rejection (e.g., weekly SFP or bearish engulfing) in $3,000 –$3,430 zone
Consider short/hedge if rejection is confirmed, targeting a move back toward $2,600–$2,222
Invalidation:
Structure turns bearish only if price closes below $2,222
🔔 Triggers & Confirmations:
Uptrend intact as long as price is above VWAP
Confirmation required for shorts: look for SFP or clear reversal pattern at resistance
📝 Order Placement & Management:
🔼 Buy/Hold: While price is above $2,222
🛡️ Stop: Close below $2,222 (monthly close)
🎯 Targets: $3,150 → $3,430
🔻 Short/Hedge (optional): On confirmed weekly rejection at resistance
🎯 Short Target: $2,600–$2,222
🚨 Risk Warning:
Main structure is bullish; any shorts are strictly countertrend and require strong confirmation
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.