Price is moving within a descending channel (purple lines).
Support Zone: ~3,340–3,360
Resistance Zone: ~3,410–3,430
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🔄 Trade Setup Analysis
✅ Scenario 1: Reversal at Support
Expected Path: Price dips into the support zone and bounces back toward resistance.
Bullish Reversal Signal: If there's a bullish engulfing, hammer, or strong volume bounce in the support area, it can trigger a long entry.
Target: Resistance zone (~3,420)
Stop Loss: Below the support zone (~3,335 or lower)
❌ Scenario 2: Breakdown Below Support
If price fails to hold the support zone and breaks below with high momentum, this invalidates the reversal setup.
Next step: Look for retest and rejection of broken support before entering short.
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🧠 Strategic Notes:
This looks like a classic channel-down with potential bullish breakout setup.
The blue projection path suggests a buy-the-dip plan, targeting a reversal from support.
You could also wait for confirmation, such as:
A break and close above the channel's upper trendline.
Bullish divergence on RSI or MACD near the support zone.
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Would you like a precise trade plan with entry, SL, and TP values? Or confirmation tools (indicators or confluences) for this strategy?
Support Zone: ~3,340–3,360
Resistance Zone: ~3,410–3,430
---
🔄 Trade Setup Analysis
✅ Scenario 1: Reversal at Support
Expected Path: Price dips into the support zone and bounces back toward resistance.
Bullish Reversal Signal: If there's a bullish engulfing, hammer, or strong volume bounce in the support area, it can trigger a long entry.
Target: Resistance zone (~3,420)
Stop Loss: Below the support zone (~3,335 or lower)
❌ Scenario 2: Breakdown Below Support
If price fails to hold the support zone and breaks below with high momentum, this invalidates the reversal setup.
Next step: Look for retest and rejection of broken support before entering short.
---
🧠 Strategic Notes:
This looks like a classic channel-down with potential bullish breakout setup.
The blue projection path suggests a buy-the-dip plan, targeting a reversal from support.
You could also wait for confirmation, such as:
A break and close above the channel's upper trendline.
Bullish divergence on RSI or MACD near the support zone.
---
Would you like a precise trade plan with entry, SL, and TP values? Or confirmation tools (indicators or confluences) for this strategy?
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.