Summary:
Although price pierced above 3375, it failed to hold. The market remains range-bound between 3320 and 3375 — treat it as a range for now, favoring shorts near the top and longs near the bottom. On a narrower view, 3358 is a key resistance — shorting near 3358 offers good risk-reward. Watch the strength of support around 3346. Stay flexible, respect key levels, follow the trend, and manage risk wisely.
🔍 Key Levels to Watch:
• 3393 – Resistance
• 3384 – Resistance
• 3375 – Top of range
• 3366 – Resistance
• 3358 – Resistance
• 3350 – Midpoint
• 3343 – Key support
• 3332–3336 – Support zone
• 3320 – Intraday key support / Bottom of range
• 3310 – Support
• 3300 – Psychological level
📈 Intraday Strategy:
• SELL if price breaks below 3346 → watch 3343, then 3336, 3332, 3325
• BUY if price holds above 3358 → target 3366, then 3370, 3377, 3384
👉 If you’d like to learn how I time my entries and place stop-losses, give this post a like — if enough people are interested, I’ll update this post to include more details soon!
Disclaimer: This is my personal opinion, not financial advice. Always trade with proper risk management.
Although price pierced above 3375, it failed to hold. The market remains range-bound between 3320 and 3375 — treat it as a range for now, favoring shorts near the top and longs near the bottom. On a narrower view, 3358 is a key resistance — shorting near 3358 offers good risk-reward. Watch the strength of support around 3346. Stay flexible, respect key levels, follow the trend, and manage risk wisely.
🔍 Key Levels to Watch:
• 3393 – Resistance
• 3384 – Resistance
• 3375 – Top of range
• 3366 – Resistance
• 3358 – Resistance
• 3350 – Midpoint
• 3343 – Key support
• 3332–3336 – Support zone
• 3320 – Intraday key support / Bottom of range
• 3310 – Support
• 3300 – Psychological level
📈 Intraday Strategy:
• SELL if price breaks below 3346 → watch 3343, then 3336, 3332, 3325
• BUY if price holds above 3358 → target 3366, then 3370, 3377, 3384
👉 If you’d like to learn how I time my entries and place stop-losses, give this post a like — if enough people are interested, I’ll update this post to include more details soon!
Disclaimer: This is my personal opinion, not financial advice. Always trade with proper risk management.
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.