Probability of Drop: 80% (High Confidence Short Setup)
📌 Probability of Drop: 80% (High Confidence Short Setup)
📊 Key Observations from Chart
Current Price: $2,933.455
Major Resistance: $2,940.010 (Strong institutional selling zone)
Bearish Rejection: Price stalling near resistance, unable to break higher
RSI Overbought: Momentum weakening, possible reversal
MACD Bearish Divergence: Suggests downside pressure incoming
📌 Institutions are likely distributing here, setting up a strong short trade.
📉 High-Probability SELL Setup
📌 Sell Entry: $2,933 - $2,935
📌 Stop-Loss (SL): $2,941 (Above liquidity zone)
📌 Take-Profit (TP):
TP1: $2,925 (Scalp Target)
TP2: $2,920 (Institutional Support)
Maximum TP: $2,915 (Extended Target)
📌 Risk-Reward Ratio: 4:1 – Strong Setup
⚡ Execution Plan
✅ SELL NOW if price rejects $2,933 - $2,935 and fails to break higher.
✅ Monitor order flow: If price struggles at $2,935, it confirms downside momentum.
✅ If RSI drops below 50 and MACD weakens, hold for $2,920 - $2,915.
🚀 FINAL VERDICT – SELL NOW at $2,933 - $2,935 for a drop toward $2,920 - $2,915!
📊 Key Observations from Chart
Current Price: $2,933.455
Major Resistance: $2,940.010 (Strong institutional selling zone)
Bearish Rejection: Price stalling near resistance, unable to break higher
RSI Overbought: Momentum weakening, possible reversal
MACD Bearish Divergence: Suggests downside pressure incoming
📌 Institutions are likely distributing here, setting up a strong short trade.
📉 High-Probability SELL Setup
📌 Sell Entry: $2,933 - $2,935
📌 Stop-Loss (SL): $2,941 (Above liquidity zone)
📌 Take-Profit (TP):
TP1: $2,925 (Scalp Target)
TP2: $2,920 (Institutional Support)
Maximum TP: $2,915 (Extended Target)
📌 Risk-Reward Ratio: 4:1 – Strong Setup
⚡ Execution Plan
✅ SELL NOW if price rejects $2,933 - $2,935 and fails to break higher.
✅ Monitor order flow: If price struggles at $2,935, it confirms downside momentum.
✅ If RSI drops below 50 and MACD weakens, hold for $2,920 - $2,915.
🚀 FINAL VERDICT – SELL NOW at $2,933 - $2,935 for a drop toward $2,920 - $2,915!
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.