Entry: 2453
Price has shown a clear rejection from the resistance zone around 2450–2460, forming a potential lower high. This indicates sellers are stepping in and momentum is shifting bearish. A short entry here is justified with confirmation of trend weakness.
Stop Loss: 2603.6
Stop loss is placed above the recent swing high and resistance level. If price breaks above this zone, it would invalidate the current bearish bias, hence it’s a safe and logical stop placement.
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🎯 Take Profit Levels:
TP1: 2265.1
This is the first reaction zone where price may find temporary support. Ideal for securing partial profits and reducing risk exposure.
TP2: 2087.2
A strong intermediate support zone that aligns with previous consolidation and breakout areas. Momentum is likely to slow here, so locking in profits is recommended.
TP3: 1934.7
Major demand zone where price has historically reversed or consolidated. This level is a strong candidate for full profit booking or trailing stop adjustment.
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Trade Type: Short / Sell
Timeframe: 4H
Structure: Lower high, resistance rejection
Market Bias: Bearish
Risk-to-Reward: Strong R:R with clear invalidation above resistance
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📌 Technical Overview:
Price is in a corrective phase after a failed attempt to break resistance
Volume is declining on bullish candles, signaling exhaustion
Momentum indicators (like RSI or MACD) are diverging, pointing to a potential drop
Structure confirms weakness — sellers have held their ground
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⚠️ Risk Management Tips:
Use fixed stop loss and avoid emotional exits
Never risk more than 1–2% of your account on a single trade
Monitor lower timeframes for confirmation or early warning signs
Move SL to breakeven once TP1 is hit to protect capital
Price has shown a clear rejection from the resistance zone around 2450–2460, forming a potential lower high. This indicates sellers are stepping in and momentum is shifting bearish. A short entry here is justified with confirmation of trend weakness.
Stop Loss: 2603.6
Stop loss is placed above the recent swing high and resistance level. If price breaks above this zone, it would invalidate the current bearish bias, hence it’s a safe and logical stop placement.
---
🎯 Take Profit Levels:
TP1: 2265.1
This is the first reaction zone where price may find temporary support. Ideal for securing partial profits and reducing risk exposure.
TP2: 2087.2
A strong intermediate support zone that aligns with previous consolidation and breakout areas. Momentum is likely to slow here, so locking in profits is recommended.
TP3: 1934.7
Major demand zone where price has historically reversed or consolidated. This level is a strong candidate for full profit booking or trailing stop adjustment.
---
Trade Type: Short / Sell
Timeframe: 4H
Structure: Lower high, resistance rejection
Market Bias: Bearish
Risk-to-Reward: Strong R:R with clear invalidation above resistance
---
📌 Technical Overview:
Price is in a corrective phase after a failed attempt to break resistance
Volume is declining on bullish candles, signaling exhaustion
Momentum indicators (like RSI or MACD) are diverging, pointing to a potential drop
Structure confirms weakness — sellers have held their ground
---
⚠️ Risk Management Tips:
Use fixed stop loss and avoid emotional exits
Never risk more than 1–2% of your account on a single trade
Monitor lower timeframes for confirmation or early warning signs
Move SL to breakeven once TP1 is hit to protect capital
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.