We're keeping an eye on a clear rejection from the supply zone marked between 3,230 and 3,236. The price has dipped into this area, showing signs of slowing momentum, and is now breaking downwards.
📉 Sell Plan Details:
🔻 Sell Entry: 3,222 – 3,225 (just below where we saw the supply zone rejection)
🛑 Stop Loss: 3,232 (set above the supply zone for added safety)
🎯 TP1: 3,210 (a minor support level / our first target)
🎯 TP2: 3,195 (a major demand zone / our final exit point)
📦 Zone Mapping:
🔲 Supply Zone: 3,230 – 3,236
This is where sellers stepped in, creating downward pressure.
🔲 Demand Zone: 3,192 – 3,196
A strong bounce area that’s likely to draw in buyers for a reversal or partial exits.
📊 Bias:
As long as the price stays below 3,230, the bearish sentiment holds. If we see a breakout above 3,232, this setup will be invalidated.
🔁 Execution Tip:
Watch for bearish candles or rejection wicks in the entry zone for confirmation. TP1 is great for quick scalps, while TP2 serves as a position target near structural demand.
⚠️ Always prioritize risk management – never trade without a stop loss!
📉 Sell Plan Details:
🔻 Sell Entry: 3,222 – 3,225 (just below where we saw the supply zone rejection)
🛑 Stop Loss: 3,232 (set above the supply zone for added safety)
🎯 TP1: 3,210 (a minor support level / our first target)
🎯 TP2: 3,195 (a major demand zone / our final exit point)
📦 Zone Mapping:
🔲 Supply Zone: 3,230 – 3,236
This is where sellers stepped in, creating downward pressure.
🔲 Demand Zone: 3,192 – 3,196
A strong bounce area that’s likely to draw in buyers for a reversal or partial exits.
📊 Bias:
As long as the price stays below 3,230, the bearish sentiment holds. If we see a breakout above 3,232, this setup will be invalidated.
🔁 Execution Tip:
Watch for bearish candles or rejection wicks in the entry zone for confirmation. TP1 is great for quick scalps, while TP2 serves as a position target near structural demand.
⚠️ Always prioritize risk management – never trade without a stop loss!
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.