Anticipating a Reversal: A Scalper's Approach to US30The US30 is undeniably in a strong bullish trend, showcasing its momentum over the past sessions. However, as with any extended trend, there are moments where price action hints at potential pullbacks or reversals.
In the chart, we see that price has already broken a key support level, which signals a possible shift in market sentiment. This break introduces the probability of a directional change from a bullish bias to a bearish one. While the overall trend remains upward, this presents an intriguing opportunity for scalpers to capitalize on short-term movements.
The Setup
The Support Break
The recent break of support is a critical indicator that bears are attempting to gain some control. However, the market is still influenced by bullish momentum, making this a high-risk setup.
Supply Zone Target
The supply zone highlighted in the chart serves as a strategic entry point for a sell. If price revisits this zone, it could provide an excellent opportunity for a short position, anticipating further downside movement.
Risk Considerations
US30's Bullish Momentum: Even with a support break, US30 remains bullish overall, making this a counter-trend setup.
Scalper’s Mindset: The aim is not to hold positions for an extended period but to take advantage of short-term moves within the supply zone.
Final Thoughts
While this setup carries higher risks due to the prevailing bullish sentiment of the US30, it is a calculated opportunity for scalpers willing to play against the trend. Always ensure proper risk management, as counter-trend trades require discipline and quick decision-making. If the price fails to reject the supply zone and continues higher, it’s best to step aside and reassess.
What’s your plan for this setup? Let’s discuss below! 🚀
