Context:
Price just rejected off local range high near $148 — a key resistance that has held several times historically. We’re seeing initial signs of weakness after a strong rally, with price failing to hold above resistance and beginning to break minor structure.
Setup Details:
Entry: ~$146.20
Stop Loss: ~$148.35 (above recent high)
Target: ~$141.00 (range low + demand pocket)
Risk/Reward: ~2.38R
Trade Idea:
This is a classic range play — short from top of the range, targeting the base. Momentum is fading near resistance and we have a clean invalidation just above. Price structure suggests lower highs are forming, and any further weakness should push us back into the mid-to-lower part of the range.
Price just rejected off local range high near $148 — a key resistance that has held several times historically. We’re seeing initial signs of weakness after a strong rally, with price failing to hold above resistance and beginning to break minor structure.
Setup Details:
Entry: ~$146.20
Stop Loss: ~$148.35 (above recent high)
Target: ~$141.00 (range low + demand pocket)
Risk/Reward: ~2.38R
Trade Idea:
This is a classic range play — short from top of the range, targeting the base. Momentum is fading near resistance and we have a clean invalidation just above. Price structure suggests lower highs are forming, and any further weakness should push us back into the mid-to-lower part of the range.
May the Green Spirit be with You ❇️💚
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
May the Green Spirit be with You ❇️💚
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.