Yesterday closed with a bullish candle without reaching a new high, yet bullish momentum remains strong, suggesting buyers are still attempting to push for higher levels. However, there’s noticeable bullish-bearish divergence around 3002, indicating potential hesitation.
Trading Strategy:
• Consider attempting a SELL near 3005 as a resistance zone.
• Otherwise, continue following the strategy of buying on dips and selling on highs.
• If the price breaks above 3005, it may push further toward the 3010-3015 zone.
• If the price breaks below 2977, bearish momentum could become significantly stronger. At that point, consider entering shorts on a pullback to resistance.
Key Levels to Watch:
• 3010-3015: Bullish target zone
• 3005: ATH resistance
• 2994: Bullish/Bearish pivot line
• 2977: Key support
• 2956: Strong support
Currently, there are no clear trading opportunities as potential Stop Loss levels are too far away to justify a favorable risk-reward ratio.
I will wait for the Asian session or the European session to open before reassessing the market conditions and identifying better trading opportunities.
⸻
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
Trading Strategy:
• Consider attempting a SELL near 3005 as a resistance zone.
• Otherwise, continue following the strategy of buying on dips and selling on highs.
• If the price breaks above 3005, it may push further toward the 3010-3015 zone.
• If the price breaks below 2977, bearish momentum could become significantly stronger. At that point, consider entering shorts on a pullback to resistance.
Key Levels to Watch:
• 3010-3015: Bullish target zone
• 3005: ATH resistance
• 2994: Bullish/Bearish pivot line
• 2977: Key support
• 2956: Strong support
Currently, there are no clear trading opportunities as potential Stop Loss levels are too far away to justify a favorable risk-reward ratio.
I will wait for the Asian session or the European session to open before reassessing the market conditions and identifying better trading opportunities.
⸻
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
Trade active
Short-Term Trading Strategy:For Shorts: Enter a SELL position if the price breaks below 3000. Watch 2997 as initial support; if the decline continues, monitor 2993, 2990, and 2987 as potential targets.
For Longs: Enter a BUY position if the price stabilizes above 3003. Watch 3005 for confirmation; if the bullish momentum continues, targets are 3010 and 3015.
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
Trade closed: target reached
3010!Note
3015!
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.