🔍 Chart Analysis Summary:
Current Price: ~3,336
Key Resistance (Supply Zone): 3,340 – 3,353
Major Resistance Above: 3,388 – 3,395
Key Support (Demand Zone): 3,320 – 3,330
Major Support Below: 3,294 – 3,305
⚔️ Trade Setup Ideas:
📉 Sell Setup (High Probability Intraday Short)
Scenario: Price is near the lower supply zone (3,340–3,353), showing rejection.
Entry: 3,340 – 3,345 (on bearish candle confirmation or rejection wick)
Stop Loss: Above 3,353 (zone high or recent swing high)
Take Profit Targets:
TP1: 3,330 (first minor support)
TP2: 3,320 (demand zone)
TP3: 3,295 (major support)
📌 Confirmation Tips:
Look for bearish engulfing / rejection candles
RSI divergence or weakness
Break of 3,330 support confirms continuation
📈 Buy Setup (If Price Drops to Demand)
Scenario: Price drops back into demand zone 3,320–3,330 with bullish reaction.
Entry: 3,322 – 3,328 (bullish wick or engulfing candle)
Stop Loss: Below 3,320
Take Profit Targets:
TP1: 3,340
TP2: 3,353 (supply)
TP3: 3,388 (major resistance)
📌 Confirmation Tips:
Bullish price action near 3,322 zone
Momentum buildup from demand
Use M15/M30 for refined entry
Current Price: ~3,336
Key Resistance (Supply Zone): 3,340 – 3,353
Major Resistance Above: 3,388 – 3,395
Key Support (Demand Zone): 3,320 – 3,330
Major Support Below: 3,294 – 3,305
⚔️ Trade Setup Ideas:
📉 Sell Setup (High Probability Intraday Short)
Scenario: Price is near the lower supply zone (3,340–3,353), showing rejection.
Entry: 3,340 – 3,345 (on bearish candle confirmation or rejection wick)
Stop Loss: Above 3,353 (zone high or recent swing high)
Take Profit Targets:
TP1: 3,330 (first minor support)
TP2: 3,320 (demand zone)
TP3: 3,295 (major support)
📌 Confirmation Tips:
Look for bearish engulfing / rejection candles
RSI divergence or weakness
Break of 3,330 support confirms continuation
📈 Buy Setup (If Price Drops to Demand)
Scenario: Price drops back into demand zone 3,320–3,330 with bullish reaction.
Entry: 3,322 – 3,328 (bullish wick or engulfing candle)
Stop Loss: Below 3,320
Take Profit Targets:
TP1: 3,340
TP2: 3,353 (supply)
TP3: 3,388 (major resistance)
📌 Confirmation Tips:
Bullish price action near 3,322 zone
Momentum buildup from demand
Use M15/M30 for refined entry
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.