Summary:
Key Levels to Watch:
3057: ATH resistance
3038: Resistance
3034: Key short-term resistance
3005: Important intraday support
3000: Psychological round-number support
2994: Support
2986.5: Support
Short-Term Trading Strategy:
For Shorts: Enter a SELL position if the price breaks below 3008. Watch 3005 as initial support; if the decline continues, monitor 3000, 2994, and 2987.
For Longs: Enter a BUY position if the price stabilizes above 3017. Watch 3021 for confirmation; if bullish momentum continues, monitor 3026, 3030, and 3034.
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Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
- Bearish momentum remains strong. Shorting near 3058 offers a favorable risk-reward ratio.
- If the price breaks below 3000, avoid counter-trend long positions.
- If the price stabilizes above 3000, reassess bullish potential before entering long trades.
Key Levels to Watch:
3057: ATH resistance
3038: Resistance
3034: Key short-term resistance
3005: Important intraday support
3000: Psychological round-number support
2994: Support
2986.5: Support
Short-Term Trading Strategy:
For Shorts: Enter a SELL position if the price breaks below 3008. Watch 3005 as initial support; if the decline continues, monitor 3000, 2994, and 2987.
For Longs: Enter a BUY position if the price stabilizes above 3017. Watch 3021 for confirmation; if bullish momentum continues, monitor 3026, 3030, and 3034.
👉 If my insights have been helpful to you, or if you traded based on my ideas, please consider giving a like — it’s a great encouragement for me! Thanks for your support!
Disclaimer: This is my personal opinion and not financial advice. Please manage your risk accordingly.
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.