Analysis:
The monthly close suggests a reduction in bullish momentum, raising the possibility of stronger bearish pressure ahead.
However, yesterday’s daily close above 3300 indicates bulls still have some control.
Watch 3312 carefully — if price breaks above it, it will confirm a shift towards a stronger bullish trend.
Summary:
Above 3300, the strategy is buying on pullbacks to support.
Below 3300, the plan is selling on pullbacks to resistance.
If price breaks below 3275, bearish strength could accelerate, and future longs will need clearer confirmation.
🔍 Key Levels to Watch:
• 3350 – Bullish target
• 3338 – Resistance
• 3325 – Key resistance
• 3310–3312 – Intraday key resistance zone
• 3300 – Psychological level
• 3283 – Key support
• 3275 – Intraday key support
• 3263 – Support
📈 Intraday Strategy:
• SELL if price breaks below 3298 → target 3292, then 3288, 3283, 3275
• BUY if price holds above 3312 → target 3318, then 3325, 3333, 3340
👉 If you want to know how I time entries and set stop-losses, hit the like button so I know there’s interest — I may publish a detailed post by the weekend if support continues!
Disclaimer: This is my personal opinion, not financial advice. Always trade with caution and manage your risk.
The monthly close suggests a reduction in bullish momentum, raising the possibility of stronger bearish pressure ahead.
However, yesterday’s daily close above 3300 indicates bulls still have some control.
Watch 3312 carefully — if price breaks above it, it will confirm a shift towards a stronger bullish trend.
Summary:
Above 3300, the strategy is buying on pullbacks to support.
Below 3300, the plan is selling on pullbacks to resistance.
If price breaks below 3275, bearish strength could accelerate, and future longs will need clearer confirmation.
🔍 Key Levels to Watch:
• 3350 – Bullish target
• 3338 – Resistance
• 3325 – Key resistance
• 3310–3312 – Intraday key resistance zone
• 3300 – Psychological level
• 3283 – Key support
• 3275 – Intraday key support
• 3263 – Support
📈 Intraday Strategy:
• SELL if price breaks below 3298 → target 3292, then 3288, 3283, 3275
• BUY if price holds above 3312 → target 3318, then 3325, 3333, 3340
👉 If you want to know how I time entries and set stop-losses, hit the like button so I know there’s interest — I may publish a detailed post by the weekend if support continues!
Disclaimer: This is my personal opinion, not financial advice. Always trade with caution and manage your risk.
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.