đ Current Market Context (4H)
Price: 609.22
24H High / Low: 626.57 / 601.30
đ Trend Structure
Price is trading below MA(7), MA(25), and MA(99).
MA(99) â 643.69 â Strong macro resistance.
MA(25) â 617.32 â Immediate dynamic resistance.
Overall 4H structure: Short-term downtrend / bearish consolidation.
đ Momentum
RSI(6): 42.43
Below 50 â Bearish bias
Not oversold â Room for further downside
đŠ Key Levels
Resistance: 617â620 (MA25 zone)
Major resistance: 642â645
Support: 601
Next support: 592â590
đŻ Intraday Trading Plan (4H-Based Execution)
Since trend is bearish, short setups have higher probability unless structure breaks.
đ» Primary Setup: SHORT (Trend Continuation)
đ Entry Zone:
615 â 620 (rejection near MA25 resistance)
OR
Breakdown entry below 600
đ Stop-Loss:
Conservative: 628
Aggressive: 622 (tight risk)
đŻ Take-Profit Targets:
TP1: 601
TP2: 592
TP3 (extended): 580â585
đ Risk/Reward (from 618 entry example)
SL: 628 (10 pts risk)
TP1: 601 (17 pts)
TP2: 592 (26 pts)
R:R â 1:2 to 1:3
đŒ Alternative Setup: LONG (Only If Confirmed Break)
â ïž Only valid if 4H candle closes above 622â625 with strong volume.
đ Entry:
625â628 breakout retest
đ Stop-Loss:
612
đŻ Targets:
TP1: 642
TP2: 655
Bias for this setup is lower unless structure shifts.
đ Summary Bias
Current structure favors:
â Sell the bounce
â Avoid aggressive longs in resistance
â ïž Intraday Execution Tips
Wait for rejection candle (long upper wick / bearish engulfing) at resistance.
Watch volume spikes for confirmation.
Reduce position size if volatility increases.
If price holds above 620 for 2â3 candles â reassess bearish bias.
If you'd like, I can also:
Map a scalping setup (15m execution)
Calculate exact position size based on your account balance
Provide a futures leverage-adjusted plan
Let me know your preferred risk % per trade.