📊 Market Structure Overview
Current Price: 79.13
Trend: Bearish (lower highs & lower lows)
Key MAs:
MA(7): 79.31 (short-term dynamic resistance)
MA(25): 81.96 (strong resistance)
MA(99): 96.48 (major trend resistance)
🔎 Observations
Overall Trend:
Clear downtrend. Price is trading below MA25 and far below MA99 — confirms bearish bias.
Short-Term Action:
Price is consolidating around 78–80 after a recent drop → possible short-term relief bounce.
RSI (6): 41.57
Below 50 → bearish momentum still dominant. Not oversold yet.
Volume:
Declining → indicates weak bullish attempts and possible continuation of trend.
🔴 Primary Intraday Bias: SELL ON BOUNCE
The trend favors shorts unless strong breakout above 82.
✅ Trade Setup 1: Short Position (Preferred Setup)
📍 Entry Zone:
80.50 – 81.80
(Near MA25 resistance & prior breakdown level)
🛑 Stop-Loss:
83.20
(Above recent swing high & above MA25)
🎯 Take-Profit Targets:
TP1: 77.20
TP2: 75.50
TP3 (extended): 72.00
📈 Risk–Reward:
Approx 1:2 to 1:3 (good intraday profile)
🟢 Alternative Setup: Breakout Long (Only if Confirmed)
Take long ONLY if 4H candle closes above 82.20 with strong volume.
📍 Entry:
82.30 – 83.00 (after confirmed breakout)
🛑 Stop-Loss:
79.80
🎯 Take-Profit:
TP1: 85.50
TP2: 88.00
📌 Key Support & Resistance Levels
Support:
77.00
75.50
72.00
Resistance:
80.00
82.00
86.00
🔥 Intraday Strategy Summary
Trend = Bearish → prioritize shorts
Best play = Sell rallies into 81–82 zone
Avoid aggressive longs until 82 breaks convincingly
If you'd like, I can also provide: • 1H confirmation strategy
• Scalping setup
• Risk management sizing plan
• A high-probability sniper entry setup
Let me know your trading style (scalp / day trade / swing).
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