Western Digital Corp. (WDC) has extended into a key resistance zone following a parabolic advance of more than 100% in recent months. Price action is showing early signs of exhaustion, with momentum flattening near the $104.60 level, which historically served as heavy supply.
This setup aligns with a classic mean-reversion short: shorting into an overextended rally at a confluence of resistance, with a clearly defined support zone below as the target.
Trade Idea:
Entry Rationale (Red Arrow)
Price has tagged $104.60, a resistance cluster reinforced by prior rejection levels.
Exit Strategy (Green Arrow at $88.99)
$88.99 represents a historically confirmed support level.
This setup aligns with a classic mean-reversion short: shorting into an overextended rally at a confluence of resistance, with a clearly defined support zone below as the target.
Trade Idea:
Entry Rationale (Red Arrow)
Price has tagged $104.60, a resistance cluster reinforced by prior rejection levels.
Exit Strategy (Green Arrow at $88.99)
$88.99 represents a historically confirmed support level.
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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.
GoldenTraders is a premier trading community dedicated to helping you navigate the complexities of the financial markets with confidence and clarity.
Please join for more trade Ideas.
GoldenTraders: discord.gg/nrCvUT8yzt
Please join for more trade Ideas.
GoldenTraders: discord.gg/nrCvUT8yzt
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.