Trend: Momentum Breakout Confirmed — but volume is tapering → danger of bull trap at resistance cluster.
Today is all about testing the ceiling and flushing weak buyers.
Price has broken above $3,102, clearing the 61.8% Fib zone → now targeting $3,131–$3,139
If volume doesn’t spike on breakout, market maker may reverse it fast and trap late longs near $3,127–$3,132
Key zone for real continuation is $3,133.18+
RSI: Strong across all timeframes (LTF: 58–68, HTF: 63–66)
ADX/DI+: Bullish strength leading on all frames — but starting to plateau.
[=====///////===== b]📌 STRATEGIC LEVELS FOR TODAY: =====///////=====
🔼 Bullish Breakout Zone:
$3,127.20 → $3,132.56 = Resistance Box
Above that → $3,139.14 (Fib 78.6%)
Stretch target: $3,149.95 → $3,186.38 (weekly DynaR)
🔽 Key Support Box (Reentry Buy Zone):
$3,102 → $3,086 = Previous breakout base
$3,076 = Fib 50% + DynaR PVT
$3,049.94 → $3,020 = Bullish invalidation zone
=====///////===== PRIMARY TRADE SETUP — Trend Continuation Buy
=====///////=====
Type: Buy Limit
Entry: $3,102 (Fib 61.8% pullback zone)
SL: $3,086
TP1: $3,127
TP2: $3,139
TP3: $3,149
Confidence: 80%
Justification:
Market already triggered impulse move
Pullback expected due to weak volume into resistance
Reentry on support zone offers low-risk continuation play
SECONDARY TRADE SETUP — Short-Term Bull Trap Play
Type: Sell Limit
Entry: $3,132
SL: $3,139
TP1: $3,112
TP2: $3,102
Confidence: 65%
Justification:
Volume divergence near resistance
RSI overextended
Market maker might flush out weak longs and reload lower
=====///////===== MULTI-TIMEFRAME SNAPSHOT =====///////=====
📆 1D Chart:
RSI = 63 → bullish
Price at top of structure ($3,122)
Volume rising but under MA → watching for exhaustion
Major levels:
Support = $3,076 / $3,049 / $3,020
Resistance = $3,131 / $3,139 / $3,149
🕓 4H Chart:
RSI = 66.32
DI+ > DI− = trend confirmed
Bullish structure intact
Holding above Fib 61.8% ($3,102) → strong continuation sign
BUT volume fading = be cautious of fake spikes
🕐 1H Chart:
RSI = 68.88 = hot 🔥
Price ranging tightly under resistance zone
If we close above $3,132 → next magnet = $3,139.14
If rejected, expect a pullback to $3,102
Today is all about testing the ceiling and flushing weak buyers.
Price has broken above $3,102, clearing the 61.8% Fib zone → now targeting $3,131–$3,139
If volume doesn’t spike on breakout, market maker may reverse it fast and trap late longs near $3,127–$3,132
Key zone for real continuation is $3,133.18+
RSI: Strong across all timeframes (LTF: 58–68, HTF: 63–66)
ADX/DI+: Bullish strength leading on all frames — but starting to plateau.
[=====///////===== b]📌 STRATEGIC LEVELS FOR TODAY: =====///////=====
🔼 Bullish Breakout Zone:
$3,127.20 → $3,132.56 = Resistance Box
Above that → $3,139.14 (Fib 78.6%)
Stretch target: $3,149.95 → $3,186.38 (weekly DynaR)
🔽 Key Support Box (Reentry Buy Zone):
$3,102 → $3,086 = Previous breakout base
$3,076 = Fib 50% + DynaR PVT
$3,049.94 → $3,020 = Bullish invalidation zone
=====///////===== PRIMARY TRADE SETUP — Trend Continuation Buy
=====///////=====
Type: Buy Limit
Entry: $3,102 (Fib 61.8% pullback zone)
SL: $3,086
TP1: $3,127
TP2: $3,139
TP3: $3,149
Confidence: 80%
Justification:
Market already triggered impulse move
Pullback expected due to weak volume into resistance
Reentry on support zone offers low-risk continuation play
SECONDARY TRADE SETUP — Short-Term Bull Trap Play
Type: Sell Limit
Entry: $3,132
SL: $3,139
TP1: $3,112
TP2: $3,102
Confidence: 65%
Justification:
Volume divergence near resistance
RSI overextended
Market maker might flush out weak longs and reload lower
=====///////===== MULTI-TIMEFRAME SNAPSHOT =====///////=====
📆 1D Chart:
RSI = 63 → bullish
Price at top of structure ($3,122)
Volume rising but under MA → watching for exhaustion
Major levels:
Support = $3,076 / $3,049 / $3,020
Resistance = $3,131 / $3,139 / $3,149
🕓 4H Chart:
RSI = 66.32
DI+ > DI− = trend confirmed
Bullish structure intact
Holding above Fib 61.8% ($3,102) → strong continuation sign
BUT volume fading = be cautious of fake spikes
🕐 1H Chart:
RSI = 68.88 = hot 🔥
Price ranging tightly under resistance zone
If we close above $3,132 → next magnet = $3,139.14
If rejected, expect a pullback to $3,102
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
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.
Mohamed
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
THE Ichimoku MAN on the Nile
#traders4traders
you are welcome to join my Telegram channel, Ichimokuonthenile.
for GOLD follow this link: t.me/GOLDontheNILE
youtube youtube.com/@ICHIMOKUontheNILE
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.