Google is going to its Google thing. Bullish 4h

245
Historical severely oversold area.

Welcome to the MAX PAIN (looking at the greed&Fear at 11 today)

At this max fear stage it’s hard for the herd to see wood for the trees and things also the perfect phase to pickup a contrarian play.

👇

🔹 **Trade Direction:** Long (Potential Reversal)
🔹 **Entry:** $170 - $173 (Current Zone)
🔹 **Stop Loss:** $165 (below recent support)
🔹 **Target 1:** $182 (key resistance level)
🔹 **Target 2:** $192.50 (prior swing high)

📊 **Probability & Justification:**
- **Momentum Shift:** Oversold conditions with multiple strong buy signals across timeframes.
- **Indicators:** Stochastic RSI deeply oversold, with RSI on daily at 27.16—historically near bounce zones.
- **Moving Averages:** Price trading below key moving averages but stabilizing.
- **Volume Profile:** Signs of potential accumulation; need confirmation.

⚠️ **Risk Considerations:**
- A breakdown below $165 invalidates the setup.
- Bearish sentiment still dominant; a confirmed higher low is needed.
- Strong resistance ahead at $182; partial profit-taking recommended.

📉 **Bias:** Cautiously bullish—confirmation required for trend shift.

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