Key Levels
Support Levels:
Around 2,475.60 (previous swing low).
Another support level near 2,500.00.
Resistance Levels:
At 2,522.00 (recent high area, potential supply zone).
A key upper resistance around 2,526.00.
Entry and Stop-Loss Levels
Entry: Based on current price action, you may look for a retracement near the 2,514.00 zone where price broke out previously. This area could be an ideal spot for a long entry if price retraces and shows bullish confirmation.
Stop-Loss: A safe stop loss could be set below the recent swing low at 2,508.00, giving enough room in case of volatility while protecting your risk.
Take Profit Zones
First Take Profit: Around 2,522.00, where price previously stalled.
Second Take Profit: Near 2,526.00, which is a recent high level and could act as strong resistance.
Liquidity Areas
There seems to be a liquidity grab around 2,500.00, where the market made a significant move up. Any further retracement towards this level could also be a liquidity hunt before continuation upwards.
Summary
Entry: Around 2,514.00 on a potential retracement.
Stop Loss: Below 2,508.00.
Take Profit 1: 2,522.00.
Take Profit 2: 2,526.00.
Key Levels:
Support: 2,475.60, 2,500.00.
Resistance: 2,522.00, 2,526.00.
Let me know if you'd like more details or if you want to dive deeper into specific price action techniques!
Support Levels:
Around 2,475.60 (previous swing low).
Another support level near 2,500.00.
Resistance Levels:
At 2,522.00 (recent high area, potential supply zone).
A key upper resistance around 2,526.00.
Entry and Stop-Loss Levels
Entry: Based on current price action, you may look for a retracement near the 2,514.00 zone where price broke out previously. This area could be an ideal spot for a long entry if price retraces and shows bullish confirmation.
Stop-Loss: A safe stop loss could be set below the recent swing low at 2,508.00, giving enough room in case of volatility while protecting your risk.
Take Profit Zones
First Take Profit: Around 2,522.00, where price previously stalled.
Second Take Profit: Near 2,526.00, which is a recent high level and could act as strong resistance.
Liquidity Areas
There seems to be a liquidity grab around 2,500.00, where the market made a significant move up. Any further retracement towards this level could also be a liquidity hunt before continuation upwards.
Summary
Entry: Around 2,514.00 on a potential retracement.
Stop Loss: Below 2,508.00.
Take Profit 1: 2,522.00.
Take Profit 2: 2,526.00.
Key Levels:
Support: 2,475.60, 2,500.00.
Resistance: 2,522.00, 2,526.00.
Let me know if you'd like more details or if you want to dive deeper into specific price action techniques!
Note
TP1: 8 points (2,514.00 to 2,522.00).TP2: 12 points (2,514.00 to 2,526.00).
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.