1. Technical Analysis
Daily Chart
• Trend: Still overall bullish long-term, but in a short-term pullback phase after peaking.
• MACD: Bearish crossover with widening histogram — indicating continued downside momentum.
• RSI: At 45.05 — neutral-bearish, room to fall to oversold.
• Price: Strong reaction at ~37675.05 area, bounced back to ~39562, forming a potential lower high.
15-Min Chart
• MACD: Recently crossed bearish after a sharp rally.
• Price Action: Approaching resistance zone (~39562), failed to make a new high.
• RSI: 44.78 — leaning bearish, but not oversold yet.
3-Min Chart
• MACD: Just flipped bullish but weak — suggesting possible micro pullback before continuation.
• RSI: 48.82 — very neutral, no extreme condition.
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2. Fundamental Context (as of April 2025)
• Recent sharp pullback from all-time highs hints at risk-off sentiment returning.
• Likely driven by Fed rate uncertainty, inflationary stickiness, or geopolitical jitters.
• Earnings season volatility could also play a role.
• No strong bullish macro catalyst to support a fresh rally continuation yet.
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3. Trade Setup: SHORT Position
Bias: SHORT
Reason: Price hit resistance at 39562, confirmed by 15M MACD cross and RSI weakness. Daily still bearish momentum. No major bullish catalyst.
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ENTRY:
39550 (near current resistance, confirmed failure to break higher)
STOP LOSS (SL):
39800 (above recent minor high, above 15M key level)
TAKE PROFIT (TP):
38900 — Minor support zone, clean level from 15M + previous consolidation area
US30
Daily Chart
• Trend: Still overall bullish long-term, but in a short-term pullback phase after peaking.
• MACD: Bearish crossover with widening histogram — indicating continued downside momentum.
• RSI: At 45.05 — neutral-bearish, room to fall to oversold.
• Price: Strong reaction at ~37675.05 area, bounced back to ~39562, forming a potential lower high.
15-Min Chart
• MACD: Recently crossed bearish after a sharp rally.
• Price Action: Approaching resistance zone (~39562), failed to make a new high.
• RSI: 44.78 — leaning bearish, but not oversold yet.
3-Min Chart
• MACD: Just flipped bullish but weak — suggesting possible micro pullback before continuation.
• RSI: 48.82 — very neutral, no extreme condition.
⸻
2. Fundamental Context (as of April 2025)
• Recent sharp pullback from all-time highs hints at risk-off sentiment returning.
• Likely driven by Fed rate uncertainty, inflationary stickiness, or geopolitical jitters.
• Earnings season volatility could also play a role.
• No strong bullish macro catalyst to support a fresh rally continuation yet.
⸻
3. Trade Setup: SHORT Position
Bias: SHORT
Reason: Price hit resistance at 39562, confirmed by 15M MACD cross and RSI weakness. Daily still bearish momentum. No major bullish catalyst.
⸻
ENTRY:
39550 (near current resistance, confirmed failure to break higher)
STOP LOSS (SL):
39800 (above recent minor high, above 15M key level)
TAKE PROFIT (TP):
38900 — Minor support zone, clean level from 15M + previous consolidation area
US30 Trade closed: stop reached
TRADE MOVED TO BE @ 1:1 RRR, BE TRIGGERED
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.