Chart Insights
Timeframe: 30-minute chart
Current Price: $3,051.595
High: $3,054.630
Low: $3,050.970
Volume: 1.65K ticks
Trade Setup
Resistance Level (~$3,056):
Price spiked up but rejected at this level.
Potential reversal point if price fails to break higher.
Support Levels:
First Support (~$3,048): If price pulls back, this level might hold as short-term support.
Second Support (~$3,040): If selling pressure increases, price may test this zone.
Possible Scenarios
Bearish Reversal Setup:
If price fails to break the resistance and forms a bearish rejection pattern, a short entry can be considered.
Target: First support at $3,048, second support at $3,040.
Break & Retest Bullish Setup:
If price breaks and holds above $3,056, it could turn into support, leading to further upside movement.
Conclusion:
Watching for a bearish rejection near resistance to enter short.
If resistance breaks, a bullish continuation can occur.
Confirmation with candlestick patterns and volume is key before entering trades.
Would you like stop-loss and risk management details included?
Timeframe: 30-minute chart
Current Price: $3,051.595
High: $3,054.630
Low: $3,050.970
Volume: 1.65K ticks
Trade Setup
Resistance Level (~$3,056):
Price spiked up but rejected at this level.
Potential reversal point if price fails to break higher.
Support Levels:
First Support (~$3,048): If price pulls back, this level might hold as short-term support.
Second Support (~$3,040): If selling pressure increases, price may test this zone.
Possible Scenarios
Bearish Reversal Setup:
If price fails to break the resistance and forms a bearish rejection pattern, a short entry can be considered.
Target: First support at $3,048, second support at $3,040.
Break & Retest Bullish Setup:
If price breaks and holds above $3,056, it could turn into support, leading to further upside movement.
Conclusion:
Watching for a bearish rejection near resistance to enter short.
If resistance breaks, a bullish continuation can occur.
Confirmation with candlestick patterns and volume is key before entering trades.
Would you like stop-loss and risk management details included?
Related publications
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.
Related publications
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.