📍 Entry: Around 42,746.9
📍 Stop Loss: Above 42,780.1 (To limit risk in case of a bullish continuation)
📍 Take Profit: 42,567.6 (Targeting the next key support area)
🔹 The price formed a strong rejection candle, indicating selling pressure.
🔹 Increased volume at the top suggests potential distribution.
🔹 A clean break below the recent support zone could accelerate the downtrend.
📍 Stop Loss: Above 42,780.1 (To limit risk in case of a bullish continuation)
📍 Take Profit: 42,567.6 (Targeting the next key support area)
🔹 The price formed a strong rejection candle, indicating selling pressure.
🔹 Increased volume at the top suggests potential distribution.
🔹 A clean break below the recent support zone could accelerate the downtrend.
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.