🔥 Current Market Overview
💲 Current Price: $2,936.260
🚀 High of the Day (HOD): $2,938.050
🛑 Major Resistance (R3): $2,950.016
📉 Recently Broken Resistance (R2, now Support): $2,940.010
📊 Key Dynamic Support (50 EMA): $2,935.000
🔻 Institutional Support (S1): $2,925.104
📉 Deep Institutional Demand Zone: $2,920.283
🔍 Institutional Order Flow & Liquidity Analysis
✅ $2,940 is acting as a key resistance level, with price failing to break above.
✅ Large resting sell orders are positioned between $2,940-$2,950, confirming institutional supply.
✅ Institutions are likely engineering a stop-hunt above $2,940 before a sharp move down.
✅ Buyers absorbed liquidity at $2,925, suggesting strong institutional demand in that area.
✅ A failure to sustain above $2,940 will confirm further downside movement.
💡 Key Takeaways:
Institutions are selling into strength at $2,940, signaling distribution.
The previous rejection at $2,940 indicates liquidity traps to lure in late buyers before a sell-off.
If $2,938-$2,940 rejects again, expect downside momentum toward $2,925.
📈 Technical Analysis – Momentum & Trend Indicators
✅ Best Indicator Combination
✔️ Fibonacci Retracement Levels:
38.2% Retracement: $2,937
50% Retracement: $2,944
61.8% Retracement: $2,949
🔥 $2,950 remains the final liquidity grab level before a drop.
✔️ 50 EMA & 200 EMA Analysis:
Price is currently at the 50 EMA (~$2,935).
200 EMA near $2,942 acts as strong resistance.
✔️ RSI (7):
Currently at 55, slightly bullish but near overbought zones.
A rejection at 60+ levels will confirm a bearish reversal.
✔️ VWAP (Institutional Price Level):
VWAP is positioned around $2,938-$2,940.
Failure to sustain above VWAP signals institutional shorting.
✔️ MACD (Momentum Shift Indicator):
Bullish momentum is fading, with MACD nearing a bearish crossover.
If the histogram turns red, expect a decline below $2,930.
📊 Buy or Sell? What is the Best Trade Setup Now?
🔥 SELL SCENARIO (High Confidence Short)
📌 Reason: Institutional rejection at $2,940-$2,942 + liquidity grab confirmation.
🔥 Trade Execution Plan
🚀 Entry: Sell at $2,938-$2,940 (VWAP Rejection Zone).
🛑 Stop-Loss (SL): $2,946 (Above liquidity trap zone).
📉 Take-Profit (TP):
🎯 TP1: $2,935 (50 EMA support).
🎯 TP2: $2,930 (Dynamic support).
🎯 TP3: $2,925 (Institutional demand zone).
🎯 TP4: $2,920 (Liquidity grab zone).
📊 Risk-Reward Ratio: 4:1 (Tight SL, high probability trade).
🔥 FINAL DECISION – BEST ENTRY POINT
🚨 SELL between $2,938 - $2,940 with SL at $2,946 and TP at $2,925.
📉 Institutions are likely engineering a stop-hunt above $2,940 before a sharp sell-off.
🚀 If price taps into $2,938-$2,940 and rejects, execute the short aggressively!
🏦 Maximize R:R by keeping SL tight and aiming for institutional demand levels! 💰🔥
💲 Current Price: $2,936.260
🚀 High of the Day (HOD): $2,938.050
🛑 Major Resistance (R3): $2,950.016
📉 Recently Broken Resistance (R2, now Support): $2,940.010
📊 Key Dynamic Support (50 EMA): $2,935.000
🔻 Institutional Support (S1): $2,925.104
📉 Deep Institutional Demand Zone: $2,920.283
🔍 Institutional Order Flow & Liquidity Analysis
✅ $2,940 is acting as a key resistance level, with price failing to break above.
✅ Large resting sell orders are positioned between $2,940-$2,950, confirming institutional supply.
✅ Institutions are likely engineering a stop-hunt above $2,940 before a sharp move down.
✅ Buyers absorbed liquidity at $2,925, suggesting strong institutional demand in that area.
✅ A failure to sustain above $2,940 will confirm further downside movement.
💡 Key Takeaways:
Institutions are selling into strength at $2,940, signaling distribution.
The previous rejection at $2,940 indicates liquidity traps to lure in late buyers before a sell-off.
If $2,938-$2,940 rejects again, expect downside momentum toward $2,925.
📈 Technical Analysis – Momentum & Trend Indicators
✅ Best Indicator Combination
✔️ Fibonacci Retracement Levels:
38.2% Retracement: $2,937
50% Retracement: $2,944
61.8% Retracement: $2,949
🔥 $2,950 remains the final liquidity grab level before a drop.
✔️ 50 EMA & 200 EMA Analysis:
Price is currently at the 50 EMA (~$2,935).
200 EMA near $2,942 acts as strong resistance.
✔️ RSI (7):
Currently at 55, slightly bullish but near overbought zones.
A rejection at 60+ levels will confirm a bearish reversal.
✔️ VWAP (Institutional Price Level):
VWAP is positioned around $2,938-$2,940.
Failure to sustain above VWAP signals institutional shorting.
✔️ MACD (Momentum Shift Indicator):
Bullish momentum is fading, with MACD nearing a bearish crossover.
If the histogram turns red, expect a decline below $2,930.
📊 Buy or Sell? What is the Best Trade Setup Now?
🔥 SELL SCENARIO (High Confidence Short)
📌 Reason: Institutional rejection at $2,940-$2,942 + liquidity grab confirmation.
🔥 Trade Execution Plan
🚀 Entry: Sell at $2,938-$2,940 (VWAP Rejection Zone).
🛑 Stop-Loss (SL): $2,946 (Above liquidity trap zone).
📉 Take-Profit (TP):
🎯 TP1: $2,935 (50 EMA support).
🎯 TP2: $2,930 (Dynamic support).
🎯 TP3: $2,925 (Institutional demand zone).
🎯 TP4: $2,920 (Liquidity grab zone).
📊 Risk-Reward Ratio: 4:1 (Tight SL, high probability trade).
🔥 FINAL DECISION – BEST ENTRY POINT
🚨 SELL between $2,938 - $2,940 with SL at $2,946 and TP at $2,925.
📉 Institutions are likely engineering a stop-hunt above $2,940 before a sharp sell-off.
🚀 If price taps into $2,938-$2,940 and rejects, execute the short aggressively!
🏦 Maximize R:R by keeping SL tight and aiming for institutional demand levels! 💰🔥
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.